Bought into BLA today. After reading the presentation and the looking at the raising of 100 million at $11.50.
Does anyone else think this this is overdone? Not a lot of debt, plenty of AUMs and runs on the board.
The shorters are winning, but today looked like it might be about to turn. Time will tell.
Apologies to guys who held over $10. This is not something I would normally invest in , but looks to good to leave at these prices.
BLA Price at posting:
$3.16 Sentiment: Buy Disclosure: Held