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AcelRx Pharmaceuticals, Inc. Message Board

  • calif_grl99 calif_grl99 Dec 7, 2012 8:27 AM Flag

    Smart move?

    I am a little perturbed at the offering price ? I thought the CEO was smarter than that!
    But it appears the company wants to lock in the cash/capital when they can. Who knows if a recession is coming which may have made the capital raising environment more difficult.

    One thing is for sure now with all this cash, this company will be around for a long time to come (unless a larger pharma snaps them up!) Ultimately, I think they get sold for $300m-ish. Some more positive data over next few months & a partnership should help us get on our way!

    Sentiment: Buy

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    • Little perturbed ?? What price would you have paid for 12,500,000 shares ? Do you understand what microcap stocks that need $$ have to go through to raise capital ??? ACRX is hardly a household name with access to $$.

    • Its a shareholder friendly offer. It shouldnt have been any suprise that thete would be a share offering at some point given the time to market vs cash on hand. The $10 million dollar question is what valuation is warranted at this point. As far as Im concerned any company isnt worth a dime untill it has a proven sustainable growing revenue stream. Until then its all a guessing game.

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