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Synta Pharmaceuticals Corp. Message Board

  • spacecasebase spacecasebase Jan 8, 2012 8:32 PM Flag

    4.40 is a new floor

    4.40 would be the new floor, not ceiling. Why would all the millions of new shares be issued at a price to be considered a top? Secondaries are generally issued at a fair price where the buyers have expectations of the stock going up. Who is going to buy thinking 4.40 is the ceiling??

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