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YM BioSciences, Inc. Ordinary S Message Board

  • C78596998785 C78596998785 Apr 26, 2010 10:45 PM Flag

    Todays Control Equity Offering

    <<YM has entered into a Sales Agreement, dated April 23, 2010, with Cantor Fitzgerald & Co., under which YM may, at its discretion, from time to time sell up to a maximum of 7,750,000>>

    I was unprepared for the offering news so soon after the last offering.

    YMI has plenty of cash on hand. But the fact that the company controls the flow of shares to the market as well as the timing of the sales.

    My expectation is that positive news will cause the price of YMI shares to increase significantly. If this were to happen wouldn't it be a positive if the company raised 25-30 million on the 7.5 million shares,,,, (not to mention if they could get 3-4 bucks for the shares... then so could I).

    YMI's ability to remain independent longer increases the value in a buyout. The need to raise additional cash given YMI's position shows the potential that YMI is anticipating the accelerated cash flow required in getting a product to market.

    I also reviewed the time + sales data just before I got on this message board. I was tied up today and in checking on YMI I saw an after hours quote of $1.29 well that was pretty much the bottom... After reviewing the time + sales I saw 100 shares at $1.28 and 100 more at $1.29, the remaining activity was healthier than I had expected.

    If you are long and have done your DD on YMI then I don't see today's news as changing alot...

    Tomorrow will be interesting...

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