RE:Any opinions as to how well the offering is selling?This was structured in a way to happen so fast it couldn't flop. The deal was done nearly immediately after it was announced last Wednesday. There was no roadshow to sell it as if there had been, it likely would have not been successful.
The company has its money and its leadership has job security, so they are no longer as concerned about the share price. This was a small stock offering so Cantor is not making so much money that it can afford to support the stock price for very long. Legacy shareholders were abused massively in this deal and are understandably selling in anger. As a result, the share price is falling below $1.
I certainly understand the selling as what has happened with this deal and over the last five years have been pretty awful. But if you run the numbers, the stock is too cheap to sell if you assume sales are going to be maintained. If TH-1902 gets promising results, you still have a lot of upside, just half of what it would have been previously.
juniper88 wrote: Would we see the offer (the public portion) reflected in the daily volume?
And can we ascertain anything from the fact that THTX has been trading less than 95 cents/share during this time?
I have seen other companies do offerings and the share price was identical to the offering price.
I guess I am hopeful that this will be a flop.