Will This ATM News Put a break on surging Stock price of SRPT ?
1. SRPT needs money for Phase III and build up new facility for the drug, etc...If SRPT do not have a chance to go into Phase III, or needing money building new facility for nothing then, this's perfect case for lawsuits later on. And institutions are not dumb to buy into company needs money for imaginary work. So, think about it. SRPT must be 110% so sure the they will get AA in near future, otherwise they will NOT need to have ATM now, especially they had over 120 mil in cash.
2. Most of the time, when small company sees high stock price they often take advantage and issue common shares to get cash for company use to expanding company. And usually in that case, stock price will fall but, look at TSLA recently it jumped really high after few weeks of ATM.