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Spectrum Pharmaceuticals, Inc. Message Board

  • imho_dyodd imho_dyodd Apr 14, 2013 11:01 AM Flag

    I think New Dilution Offering of $80m at $4 per share will take away 25% of your stake

    Everything depends on trust. The way the public officer here behaved here on Fusilev makes me feel nothing (including financials) and anything that comes out of this company can be trusted. Pls note when there is a dilution offering, it will generally not be announced that it is coming. You have seen how shockingly irresponsible(euphemism) the statements on Fusilev released by this officer over last year and half and esp so in Q3,Q4 while this person was selling the stock ($8.8m).It is truly unbelievable for me.

    Yes I did know that Fusilev sales were not sustainable. But I had modeled around $35m and i thought this company would still break even in that scenario. Although this company has guided they will break even , I completely dont believe that . i think they will dilute away shareholders. remember they increased sales force....So if they raise $80m at $4 per share, that will dilute existing shareholders by another 25%. I personally think they should do it, to be prudent. But look how irresponsibly they again were when they said, we have enough cash and we will break even.....i think they wrong and another negative surprise will come again to shareholder by diluting away your 25%. And all that pumping on a drug that just passed phase 1 is PURE PUMPING. It has not even passed phase 1

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