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Exelixis, Inc. Message Board

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  • fredsteinberg70 fredsteinberg70 Mar 31, 2012 8:29 PM Flag

    Doubling of Outstanding Shares

    Wilder, understandly, many Companies have asked shareholders for increasing their number of shares citing the same thing as preventing a hostile takeover. I am all for exel to be a winner. I have suspiscious reservations regarding any Company who have issued shares 2 times in a year and being far off from FDA approvals while many trials are pending . Priority lies with going it alone, for EXEL, thus diluting shares for future trials. Remember EXEL was a darling when it had revenues coming it, it helped offset cost of trials. Today priority lies with exel cash balance to complete their trials . At this rate of Issuance of shares, exel may have over 200M -300M OS before even being considered for FDA acceptance for approvals. Many more times of diluting if EXEL doesn't get a partnership going. PPS will suffer, unless Insiders hold all those new Issuance. Good luck, will be watching, short interest are not making it any better.

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    • $$$$

      Thanks for the input, Fred. I'm gathering advice where I can find it, and I appreciate your efforts.

      The short interest has been a pain - of course - but further dilution could prove too much to care to witness. I'm sure this vote will be carefully watched, as will be the near-term burn rate between now & the annual meeting.
      GL

 
EXEL
1.74-0.13(-6.95%)Sep 15 4:00 PMEDT

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