Well, we'll see how happy they are when the next dilution is at $3 a share. Or, if things go really well for Exel, Morrisey might do the next offering for $2.50 a share. I imagine they will be as happy as those that bought into the $11 a share offering or those that bought into the $5.17 a share offering. They are just giddy with Morissey right now. I guess the rule of thumb is the more progress Exel makes the lower the stock offering price. Morrisey is so clever it is baffling.
These guys (Dart Brothers,Ken and Bob)are some serious dudes. They control Eastern Capital through some Cayman Island companies. It is their play money for the stock market and other investments; they once owned all of Argentina's foreign debt and got paid off par for bonds they purchased at .20 on the dollar. They are the real life version of the Goose that laid the Golden Egg. They have participated in a number of buyouts in the biotech industry.
They and their father invented the Styrofoam cup and the industry that followed, they recently bought Solo Cups for over a $Bil.
Very secretive and they never lose. Google them, there's just too much for me to cover at 2am Saturday morning. It could just be a short term trade(unlikely), but I certainly would not like to be on the other side of their trade.