YM BioSciences Inc YMI

RE: Financing Closes 17.5 mil

[chuck8]

I asked YM's ir (via email) to justify their $1.20 price with half a warrant....their silence speaks volumes! It smacks of a gift giving as our price prior to the PP was nowhere near this price. Also, financials show they're well cashed up so an explanation as to why they need this cash is in order. Seems like a smart company but they just punished their loyal shareholders substantially and need to hear their logic before I can feel comfortable that we're still on course. I thought the European trials were close to completion so wonder where that fits into the mix. Good news would drive this upwards, so wouldn't a PP after that be strategic, unless of course......