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TENGİON AŞ Message Board

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  • jerrywang99 jerrywang99 May 20, 2011 4:30 PM Flag

    Will Suitor Return

    i find it very hard to believe the suitor will ever return at that price. they didn't want to buy at $5 pps, when the market cap was $50M.

    after the recent financing, a $3.50 pps takeout would be almost $80M mkt cap on a fully diluted basis (the warrants would be in the money). worst of all, the NUC pipeline has taken a big step backwards since the suitor was interested a few months ago.

    more likely, the suitor saw the confidential data on NUC, before the rest of us did, and they got spooked.