Does anyone know if part of the shares being offered are from the employees, specifically the executive management team? That would be a concern, if not then the employees are feeling the same pain we are but they believe long term NBIX provides them with their best investment opportunity.
It looks like 6% dilution, not sure how you are arriving at the 100% dilution number. As for the reloading, taht doesn't make sense, they are exercising their options and only selling stock so that they can cover thie tax liability. This makes sense. i will look further into this dilution.