I am going to add AA, CLF, and FCX to the list. The metal miners become essential for renewable energy. I expect it to be hot button issue in the upcoming election year.
2024 Stock Picks
- Thread starter vanzandt
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I am going to add AA, CLF, and FCX to the list. The metal miners become essential for renewable energy. I expect it to be hot button issue in the upcoming election year.
Up another 8% today.
Another day, another 5% jump on ALT.
One thing about Altimmune though that all these folks chasing it might not be aware of... they have a shelf-registration from back in February, that still has $135MM of potential dilution left.
Now these guys have zero revenue, and about $150MM cash left. They burned thru about $60MM last quarter, so one has to think, they are gonna start selling into this strength. Will it matter? Who knows. Everyone wants a piece of this GLP-1 game.
I read their week 48 trial results. 50% of the participants had nausea. That seems to be consistent with the other players though. PFE cancelled their 2X daily pill, I think the nausea on that one was 75%. They have a 1X daily in the works that is apparently better however, so they say.
One thing about Altimmune though that all these folks chasing it might not be aware of... they have a shelf-registration from back in February, that still has $135MM of potential dilution left.
Now these guys have zero revenue, and about $150MM cash left. They burned thru about $60MM last quarter, so one has to think, they are gonna start selling into this strength. Will it matter? Who knows. Everyone wants a piece of this GLP-1 game.
I read their week 48 trial results. 50% of the participants had nausea. That seems to be consistent with the other players though. PFE cancelled their 2X daily pill, I think the nausea on that one was 75%. They have a 1X daily in the works that is apparently better however, so they say.
As an interesting aside, when they filed that registration for the $150MM worth of additional shares back in February, the stock was right at this level. ---> $11.98.
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Our common stock is listed on The Nasdaq Global Select Market under the symbol “ALT.” On February 24, 2023, the closing price for our common stock, as reported on The Nasdaq Global Select Market, was $11.98 per share. Our principal executive office is located at 910 Clopper Road, Suite 201S, Gaithersburg, Maryland 20878.
https://www.sec.gov/Archives/edgar/data/1326190/000132619023000013/tmb-20230228xs3asr.htm
********************************
Our common stock is listed on The Nasdaq Global Select Market under the symbol “ALT.” On February 24, 2023, the closing price for our common stock, as reported on The Nasdaq Global Select Market, was $11.98 per share. Our principal executive office is located at 910 Clopper Road, Suite 201S, Gaithersburg, Maryland 20878.
https://www.sec.gov/Archives/edgar/data/1326190/000132619023000013/tmb-20230228xs3asr.htm
That would be negative. However, most likely they will seek a licensing partner before phase 3.
Yeah the CEO actually made a press release to the effect of "Hey... we're here... anyone wanna buy us?"
I thought hmmm... that sounds a little unprofessional. But whadda I know.