First of all congrats on your purchases yesterday Mabel. Sub $6 is a great price to add I would presume but the market is irrational so let’s not jinx it.
I am sure that Iridian’s studied Precigen’s potential and compared the market price they were willing to pay to a sort of “how high can PGEN go” price. Maybe not as optimistic as my “how high can we go”.
And Iridian bought 7M+.
What is interesting is that:
(1) 3%+ of the float is now no longer available (partially offset by Ares’ unloading)
(2) Iridian might consider adding even more at these low prices if they were willing to buy 7M at a much higher price
Long and short: it is great to note that both Iridian and Mabel are seeing potential in PGEN. Augurs well.