RE:RE:Whatever your decision is, you should use the rights offerStockReddy wrote: After the record date where it will trade? based on that I will sell some of my shares and buy the rights, any thoughts?
stockReddy
I don't know what the sp will be after the record date (or the rights offer).
Let say that the rights offer is fully excercised =$75M.
So Prometic willl have only $10M debt,
$150M (=75+75) in cash position, few significant catalysts at H2 2019 (2 Lazard deals, BLA re-submission, Nasdaq listing, starting As p3 trial, 2 placebo controlled p2 trials etc.)
if it trades at 1.521 cents, the market cap would be $380M (25Bx $0.1521)
if it trades at 2 cents, the market cap would be $500M
if it trades at 3 cents, the market cap would be $750M (which was the sp level
before April 1 PR, I think)
Imo, the chance of it's trading at 1.521 cents or lower
post rights offer is low, unless the good new does not materialize in due time and that there's further delays of the BLA resubmission. Hope that this helps. CC