If Azimuth went short on the teva news knowing they had 2 bucks to pocket, the short % of the float just got cut in half., which loosen the anchor. i think gunner and castle called it correctly. the shares are now commited on the long side. which should propel other shorts to cover. they just lost alot of downside momo. pps adjust quckly to the offering price. today was not bad but not ugly within 3.4% of the days prior tape. i hoping thier no more of these circa 2012 deal sheets out there. my guess it there not. the bottom line King had no resposibility to remind us retail guys of the deal from july of last year. i think we start moving up. expect some buyside volume spikes in the next 7 days. looing to breakout above 5 in short order. oh ya , we just 6mm stronger on the balance sheet. no more offering until what 3Q 2014. thats blue skies for a small bio. sorry about typos. goodnite.
It was surprising that they decided to use this facility even when they did not really need it. However, the pricing is very good. The stock should react positively to this event. Although I hate dilution, ALXA has plenty of cash and is financially strong then ever before.