RE:RE:RE:RE:RE:RE:RE:SEC filing That's my take too, at least some of smart folks pocketing smart money are US based, trying hard to see the glass half full...
jfm1330 wrote: At least, contrary to what has been written here, it shows that there was interest in the US.
Wino115 wrote: No, maybe just provides the napkin to wipe it off our shoes. They were smart enough to drive a good deal for themselves. That's why they are smart money! The plusses would be they are a solid institution to say is one of your investors -that's a plus. They are credible investors and knowlegable healthcare guys so it lends a bit of street creed there. The other pro might be if they eventually influence a few of their buddies to jump in. There's a bunch of Ali no from Shumway and Paulson around with their own funds and they share good ideas. Will be interesting to see if other new shareholders surface.
It's hard to say if that was Worth the extra 20% dilution we all projected they took on this deal. I doubt any of us would agree it was.
qwerty22 wrote:
So is this enough to put a shine on the financing turd?
Wino115 wrote: I am purely guessing, but they are a known healthcare oriented investment fund. I'm not sure exactly how large as these firms don't have to disclose assets and they usually also have offshore funds for non-US entities and those are totally out of the loop for disclosure. From what little I can see, they have invested in some other innovative oncology names but also in other healthcare areas -- both private and public. So definitely specialists in the healthcare area and with some knowledge on innovative therapies. The full pipeline could be their interest. Perhaps they've met with THTX before or maybe they were a Vertex investor and Leah knew them. Perhaps Dubuc will inform us at some point. But they are quality, not shady, and as such adds a bit of "smart-money" credibility to the story.
realitycheck4u wrote: Nice to have new shareholders on the train with us. Question for those here please. Who is this group? Would any of these people be related in any way to our new or existing Board members in terms of relationships on other boards or funds? Just wondering how They learned of us and wanted to buy so much.