Therapix Biosciences Ltd ADR TRPXY

RE:RE:stopped out today

[Fundy13]

I knew financing was a good possibility and I knew the stock price woudl likely drop if that happened.  What has surprised me is how big a difference in financing this time compared to last.  They were just able to borrow at 5% with convertable debentures less then 6 months ago and now they are selling shares at $3.50 which is about a 20% discount to the 30 day moving average and attached warrants with a $3.50 exercise price.  I do not think I have even seen warrents issued below the existing share price before.  And all of this to by the company anouth 3-6 months of operations.  
I have not sold yet, but I am debating it.  This stock is going to have a hard time getting back over $3.50 without some really good news on the trials, or a buyout.  
I just do not get the short term band aid approach here.  Unless they know somethign we don't, which shoudl not be the case, if they have material information they should be sharing it with investors.