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SIGA Technologies, Inc. Message Board

  • low.float low.float Aug 27, 2014 1:00 PM Flag

    AEZS (MC $72 M) (Cash $40 M) FDA DECISION ON NOV 5 = 300%+POTENTIAL RALLYYYYYYYYYYY

    gl taa

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    • Hmmmm, let's see, $40 mln in cash but burning $6 mln a quarter. So it won't last all that long. You're right, there may be some interest if FDA decision is positive . . . oh but wait, they put an "At-The-Market" agreement in place enabling them to sell into any good news or just for any reason (as they did following close of this past quarter). The ATM will put a lid on the stock even if there is good news in the future, they have ability to sell share equal to about 1/4 of their float. That seems like a buzz kill.

 
SIGA
2.27+0.03(+1.34%)Feb 27 4:00 PMEST

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