GREY:ATBPF - Post by User
Comment by
RalphRalphon Feb 17, 2021 5:38pm
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Post# 32588317
RE:RE:RE:RE:Bought Deal
RE:RE:RE:RE:Bought Deal It's not great news in the short or long term. Every round of dilution chips away at future profit upside for shareholders. Great news would have been announcing a partnership with big Pharma for the U.S. market - partnership that would have provided around the same upfront money as this bought deal. This is further dilution & indicates that ATE probably won't have partnership for the large markets anytime soon.
I don't think they do a bought deal if they thought they had another large upfront payment coming via new partnership. Obviously the company still has immense potential & great science, but the amount of dilution over the past 2 years has been excessive and negatively impacts shareholders.
JimmyJ wrote: Marky, in the long run this is great news. Short term, the sp will likely drop below $6 tomorrow, possibly even mid to low 5's. If it does, look at it as an opportunity to accumulate low because it won't last long.