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Cardica Inc. Message Board

  • andersongordon@ymail.com andersongordon Aug 19, 2013 9:50 AM Flag

    At 09:31 08/19/13 A sell order for 413,000 shares at $1.30

    This looks suspiciously like the remnants of the 500,000 shares reduction announced by Applied Medical Corp earlier. It was immediately removed and a trade of 1, 000 share went through a minute later for $1.31. If so might this indicate that 87k shares have already been disposed of and the price AMC is looking to get is $1.30? I assume these would be the shares acquired at $1.09 earlier during the secondary offering. If one of the partners wanted out, this would take care of that at a 20% premium in a few months. The fact that it disappeared may mean it will be handled as a Mezzanine transaction if it hasn't already. That would be good news. With this overhang out of the way the price would no longer have a ceiling. Any one else see this? Other comments on this or other lines of "speculation"?

    GSA

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