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OncoGenex Pharmaceuticals, Inc. Message Board

  • mr_ssssamsa mr_ssssamsa Oct 20, 2010 11:18 AM Flag

    Offering has effectively closed

    I finally reached someone at Stifel. The time window to have bought into the offering was only between the announcement at the close on Monday and the time pricing was announced yesterday morning. He said, if I understood him correctly, that if I'd called my broker during that time they'd have known what the price would be. The offering won't technically close until Friday because of the 3-day settlement period.

    So the price isn't being artificially held up to allow them to sell the shares. He told me that several new major players have taken positions through the offering and he suspects some of them are adding via the open market.

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    • Thank you. This is useful information. I didnt have any luck in learning anything new. Neither Scott or Jason returned my emails as well. I guess I should find a broker to be ready for the next time.

      Using a black-scholes calculator and assuming volatility=90, I calculated that the value of the warrant is ~$10. Half warrant is $5.

      I dont think I need to tell anyone how sweet that deal was.

      As a retail/online investor, I now feel like a duck. My first priority is to change that. If any of you is a serious investor, you should also do that.

      Thanks again and good luck

    • Thank you. That is helpful. It is at this time that this board really does help us small investors. It is also great to see the return of Jbog and the continuing help of Box to define the issues here.

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