Shorting this today - good company, but this should bring it downhttp://www.streetinsider.com/Equity+Offerings/Arqule+(ARQL)+Files+$100M+Mixed+Shelf/5598712.html
Let's see what they say in tomorrow's conference call. My understanding is that they have over 100M in cash and cash equivalents without the shelf. Perhaps the shelf is being looked at as a negotiating buffer for any potential upcoming deals?
maybe they are using the run up in the price to secure financing? I hope youre right...that it could be used as leverage for any future partnership or buyout.