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$GALE said it entered into Securities Purchase Agreement with certain investors providing for issuance and sale by it to Investors of about $12.6MM of registered and unregistered securities. $GALE agreed to issue and sell to investors aggregate of 28MM common shares at $0.45 per share in a registered direct offering.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.