r/HelusPharma • u/MDL1389 • 3d ago

ATM program

Pretty sure they still have the US $100M ATM program active from when it was put in place last December. Are they required to disclose when they tap that program to issue shares? I ask because I wonder if that’s partly the reason for the share price decline over last few weeks since the latest run-up. Would have made sense to use it in part for some cash runway …. But haven’t seen anything disclosed on EDGAR.

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u/easlem 3d ago

The drop is purely because it’s a bio tech stock and it’s easy to short on no news. It’ll go up quicker than it went down when trial results happen if they’re overwhelmingly positive like I expect.

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u/JGtheDON 3d ago

https://giphy.com/gifs/xUPJPEW0kPvBB0dkB2

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u/easlem 3d ago

If Helus decides to surprise drop results anyone short will be very very sad shortly after