RE:New investors from the deal IF that is a fact and I think this is a big IF they could have announced in one PR a Private Placement for 10 million Units and a Public Offering for the remainder of the Units....The dilutive effect would have been the same but the optics and the perception would have been a lot different
SPCEO1 wrote: I have heard that three institutions accounted for 60% of the shares sold in the deal. That would give these three 10.8% or so of the company, Hopefully, they are long term holders and not in it just for the warrants. If these three have the same stakes, we may never learn who they are since I don't think they are required to report if they own below 5%.
I have an idea for the company to consider. It would seem fait to me if the company granted outright to all current shareholders the same warrant they just sold to the new investors. TH will need more money to complete the phase III NASH trial and the cash that would likely be derived from those warrants being exercised might take care of what they need three years from now. Better yet, make our warrants expire in two years.