Sernova Corp T.SVA

Bellus Health

[Redbaron2211]

Did a 35mil overnight marketed equity offering to Bloom Burton Securities at $.95  when the stock was trading at $4.68 and had been in that range for months.  I'm sure that really pissed off some investors.  Little did they know in just over a year it would be trading at $16. 

Anyways there is no way we would have held 2$+ and done a financing, keep dreaming.  We have no idea what philips intentions are with the $ so to blow up and jump to conclusions doesn't serve anyone any good.  Let it play out or go ahead and sell.  I remember the same sentiment in Nov/Dec. 

 

[elgin1]

Red, I agree . Let's see management's reason for the bought deal and the timing for it . They already had money in the bank.  Let's see be patient and see how things unfold . I am sure management will have an explanation . Everybody else can make their decision afterwards . I do see short term pressure on the share price but depending upon the need for extra funds , things

[fivenine]

I agree with Rb and Elgin, and even most of what Bio said in his last post (I agreed with Bio!...things have sure changed around here, lol). After so many years scraping up a couple mill at a time, this feels like strength coming to our side, not so vulnerable. Other than the (relatively small) dilution, I'm seeing this as very positive. Looking forward to learning what the new dollars are

[Basket11]

The net proceeds of the Offering will be used to advance the Company’s clinical development program, including its US Phase I/II Cell Pouch clinical trial, expand Sernova’s research and development programs, including our local immune protection technologies for the Cell Pouch, as well as for working capital and general corporate purposes.