Closing Galecto
Strategic alternative process has finished
Managed to somehow dump my stake above $9. I will close it at $8.7. Galecto announced today the acquisition of a new early stage drug without any info or plan on how they will finance development of any of their assets. GLTO paid for this by issuing shares. So I decided I am done with this stock. Kind of a worst case scenario really. Given how long it took I probably should have sold on that $15 pop a few weeks ago. You win some you lose some I suppose, luckily I have done mostly winning this year. An unfortunate outcome though.