I'm not really in the mood of writing a long DD, so I will not do it.
I'll just spit some facts and you do your search:
\- Biotech play, if you don't like just skip to next post.
\- 5m cash and last earnings showed a 0.5m cash burn with increasing revenue (almost breakeven) so I hope dilution will not come very soon.
\- Has PDUFA date for his drug the 28 september 2026.
\- Float 12.5m shares, 15.69% insiders , 19.63% institutionals
I'm in with a 1.30$ average, but I think there is still some time to run and hopefully this will touch 2$+ before the PDUFA.
NFA, just wanted to share one of my current plays.
GLTA