Tue, Sep 2, 2014, 9:14 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

OncoGenex Pharmaceuticals, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • mr_ssssamsa mr_ssssamsa Apr 25, 2012 9:54 AM Flag

    OGXI to present at ASCO in June

    At first I viewed it as 50% dilution also but now I think of it as 33%. If you round a little, they went from 10mm to 15mm shares. Before the offering the pps was a little below $18 so the market cap was about $180mm. To maintain the same market cap with 15mm shares the pps would have to drop to $12, which is a 33% decline. If they had doubled the number of outstanding shares to 20mm, that would have resulted in 50% dilution, not 100%.

    Of course, you could argue that the extra cash the offering brought in should result in a higher market cap.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
OGXI
3.32+0.01(+0.30%)Sep 2 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.