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Posted On: 05/29/2017 10:53:54 PM
Post# of 22868
$CYTX,,,Plan, that is a wonderful chart to review. You're right in that should buyers show up and take it over that $1.10 level it may take off. Volume seems to be slowly coming back recently, so timing is everything!
What I find interesting is that the historic volume you mentioned, occurred the day before CYTX announced the public offering (shown below) which in turn triggered the historic volume and hence the stock price to go from the $1.60 per share level, up quickly to a high of $2.08, then down after the announcement the next morning to the $1.12 to high $.90's level. (I guess the secret leaked a little early -- LOL)
Apr 11, 2017
SAN DIEGO, April 11, 2017 (GLOBE NEWSWIRE) -- Cytori Therapeutics, Inc. (“Cytori” or the “Company”) (NASDAQ:CYTX) announced today that it has priced an underwritten public offering of 8,600,000 shares of its common stock at a price to the public of $1.10 per share. Gross proceeds, before underwriting discounts and commissions and estimated offering costs, are expected to be approximately $9.5 million.
What I find interesting is that the historic volume you mentioned, occurred the day before CYTX announced the public offering (shown below) which in turn triggered the historic volume and hence the stock price to go from the $1.60 per share level, up quickly to a high of $2.08, then down after the announcement the next morning to the $1.12 to high $.90's level. (I guess the secret leaked a little early -- LOL)
Apr 11, 2017
SAN DIEGO, April 11, 2017 (GLOBE NEWSWIRE) -- Cytori Therapeutics, Inc. (“Cytori” or the “Company”) (NASDAQ:CYTX) announced today that it has priced an underwritten public offering of 8,600,000 shares of its common stock at a price to the public of $1.10 per share. Gross proceeds, before underwriting discounts and commissions and estimated offering costs, are expected to be approximately $9.5 million.
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'Everything works out in the end,,,If it hasn't worked out,,it's not the end'
https://twitter.com/twitter/statuses/957208055766241280
https://twitter.com/twitter/statuses/957208055766241280
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