RE:RE:RE:RE:RE:RE:Sedar There is no new prespectus showing up on the SEC site via Bloomberg yet either. It looks like this has been put together rather hastily. Hopefully, that is not a bad sign but the confluence of the Cantor meetings with US institutions on Thursday and the hasty filing of this ATM late Friday is concerning since it might indicate THTX is once again struggling to do the right thing and walk away from low-ball offers from institutions.
Could it be that I am right in saying that Paul really did not want to partner NASH, got an indication of serious interest from institutions on Thursady and returned to the board and asked to move forward with another low-priced share offering in order to quickly reverse their course on NASH? That could be justified by trying to make the claim that the dilution from an offering would be less than the dilution from a partnership and that might be correct. So such a quick turnabout could make economic sense if that is what they are pursuing. But that would be quite a surprise.
But the institutions would not likely be as happy with the ATM approach versus a priced deal. So, this is all unlikely. But until the company provides some context we are only left to speculate about what prompted this ATM situation.
scarlet1967 wrote: I see nothing on the site yet.