$Summit Therapeutics (SMMT.US)$ Closed higher 3 days in a ro...
$Summit Therapeutics(SMMT.US$ Closed higher 3 days in a row 5 billion dollar deal higher lows the CEO owns almost 163million of the 201 million outstanding shares and he’s gonna make some of that $500 million out of pocket he invested by this thing going up 💸
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70103782 : Where is the CEO coming up with the $500 mm without diluting or selling off his own shares? Gonna go into his own pockets? With an entire regulatory obstacle course and phase III clinical trial yet to be completed? Something seems sketchy about the reported low short interest less than 1% but somehow there are none left to borrow? How does that happen? could take months even a year to mature and flesh out. I think the stock will run like a wild animal again, but it seems like it should cool off for a bit. I guess Monday will tell. Does anyone understand this? My dd keeps coming up dry on possible answers.
But I am an idiot so who knows? Good luck all!
wolfofTennessee : Umm, I'm bullish. The CEO is also a successful adventure capitalist and he’s buying more shares. Short interest is over 1,300%.
70103782 wolfofTennessee: 1300%?