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why should they wait? smart management will use the money now to start making arrangements to make money once approved.this shows a positive sign that company is confident.
look at the secondary as follows.....why would any firm purchase significant shares unless of course they have great insight into the potential approval....raising capital in front of pending news can be real tricky without a hint....good luck...
If I remember correctly Geron issued shares which temporarily caused the stock to fall but then shortly later went much higher.I'm going to average down if we get low enough. :)