RE:RE:How to get rich with no riskCAinPlap wrote: The question I have is why the games with the cancelling the existing shelf prospectus? If that was still in place, would yesterdays announcement contain the terms rather than giving the market the heads up to sell or short in anticipation of the coming PP? As beenthere mentioned earlier, some of us have seen this movie play out before and its sucks! You can bet that we will get shorted and sold down into oblivion and then they will set a strike price based on the artificially created low shareprice with further "standard discount" to market. Then surprise surprise we are oversubscribed when the terms are announced and they will say with a straight face that that was the best effort. If oversubscribed, they obviously set the bar too low. That is the part that leaves the worse taste in my mouth.
Possibly they were looking at a bigger financing,,, someone wanted a big piece but either they didn't like something or wanted terms that TLT could not agree to. Based on science and expecations, I'm leaning towards TLT is going the short route here vs giving up bigger junk or poor terms when they know what is around the corner. If that's the case, this should be the last one. 35m shares, 15m in the bank. Fully diluted 200m shares. Not bad at all considering we're p2 human clinicals already with so many more possibilities. Short term blip for dilution adjustment.. which is silly but that's the way it works... then take off. Once the money is in the bank, any major catalyst will give us a summer to remember.