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SENESCO TECH Message Board

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  • drcas drcas Jan 9, 2012 12:01 PM Flag

    Senesco Announces $2.0 Million Equity Financing

    Are they issuing new shares or selling existing shares? If they are not issuing new shares then the price of the shares and warrents (.26c) are higher then the existing price.

    Keeps the lights on until phase 1 results are announced.

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    • issuing new shares...but see my previous post as to why this shouldn't be read too negatively....dilution is a fact of life for a biotech at this stage and the fact that they can raise a block of money , and reduce the dependece on their ATM facility issuing into a thin secondary market for the stock should help stabilize / trend higher the share price until the trial results come through....

      If trials come though as we hope, and has the recent results with combo revlimid has shown, then they will easily partner and avoid haaving to dilute any further to maintain appropriate cash. This modest dilution is probably a relief to some who have been watching the stock, since the share increase they approved at the annual meeting could haver allowed a much greater sized financing.

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