RE:Thtx stock..One of the problems with a bought deal is the managment isn't going around doing presentations to drum up serious interest that will spill over into the post-offering period. It sounds like THTX had known about 3 funds that were interested in the company and wanted to establish positions and they likely brought those three to Mackie to get the deal off the shelf and convince them to do it as a bought deal. So the rest just had to be crammed down in to either retail clients or a few smaller institutions. The problem is you're not going around getting a lot of big money guys interested in the company. You're just getting the bare minimum to get a deal off so the underwriters aren't stuck with anything.
It also sounds like some long term shareholders just had enough. We've lost significant following on this board over the years. Good posts used to get 100-150 views. It's nowhere near that and it's been dropping. I sense a few of SPCeos followers have bagged and other long-haulers. They're just exhausted from the inability to get over the hump and execute something concrete. Like Bucknelly says, it's always tomorrow. That attitude seems to have killed off a few holders. I would expect you'll get more of this for another 4-8 weeks. Probably won't see the momentum bottom until the April conf. Sucks, but that's what their lousy deal did.
Adonis wrote: crazy how this offer killed this stock, 2 weeks of nonstop bleeding .. all other stock immediately after the offer is closed the stock begins to recover.