Tuesday, August 13, 2013

Aastrom Biosciences (ASTM) Crashes Again

Aastrom Biosciences (ASTM) lost almost 50% of its market value today (02013.08.13) when the market opened. Copying from Briefing.com:
InPlay: Aastrom Biosciences prices public offering of 29 mln shares of its common stock, and warrants to purchase up to an aggregate of 29 mln shares of common stock, at $0.30 per share (shares halted)

ASTM closed yesterday at $0.53 and today it opened at $0.31. One week ago, on August 6th, ASTM hit an intra-day high of $0.89.

Title of a Stocks::Stuffer posting from August 3rd: "Aastrom Biosciences (ASTM) Spikes Up--Why?"

Let the shareholder class action suits begin.

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