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Talon Therapeutics, Inc. Message Board

  • stplacids stplacids Jan 16, 2013 9:43 AM Flag

    Fully diluted Share Couunt is 287,570,788 shares of Common Stock

    We are screwed. . Cannot believe management sold 287 million shares for 66 million. I suppose WP and DF got them by theirs balls. This really sucks.

    CFO told on last CC he thought fully diluted Share count was around 161 million. I don't get now jumped to 287 million with the latest offering.

    the Warburg Pincus Reporting Persons may be deemed to beneficially own 265,568,897 shares of Common Stock, representing approximately 92.4% of the outstanding class of Common Stock, based on a total of 287,570,788 shares of Common Stock, which is comprised of: (i) the 22,001,891shares of Common Stock outstanding referenced above, (ii) the 62,133,098 shares of Common Stock issuable to WP X and WPP X upon the conversion of shares of Series A-1 Preferred described above, (iii) the 36,099,990 shares of Common Stock issuable to WP X and WPP X upon the conversion of shares of Series A-2 Preferred described above and (iv) the 167,335,809 shares of Common Stock issuable to WP X and WPP X upon the conversion of shares of Series A-3 Preferred (including the shares of Series A-3 Preferred which the WP X Funds have the right to acquire pursuant to the 2012 Investment Agreement (without giving effect to the right of the Deerfield Purchasers to purchase ten percent (10%) of such shares of Series A-3 Preferred, which exercise would reduce the number of shares acquirable by the WP X Funds)).

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    • old news, this was always the case. If all preferred shares are converted OS would be around 160 but if WP and DF exercise their right to purchase additional shares the number of OS is closer to 300M

      • 1 Reply to hanatalon
      • old news for sure; my math skills are not the greatest (bailed out on calculus in college), but at one point in time in the past I calculated OS at 650 million, so assuming stplacids's is correct, I'm enthused. As long as we are waxing philosophical, if we get great Menadione study data ( seems very probable) don't we have a 1+ billion market for this product alone? Add a multiple of only 3 for the co's whole portfolio and we are at a value of 10+. A bunch of ifs, but isn't this why WP and DF are sending Talon checks?

        Sentiment: Strong Buy


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