Four days ago on Wednesday September 4th after the bell and after a recent catalyst, CPRX announced an 18% "surprise" dilution of outstanding shares from an S-1 they filed in 2010 without warning. The PPS was 1.94. Two days later on friday, September 6th the PPS closed at 2.10.
In light of their "surprise" dilution and ONCS's 80 day old telegraphing of theirs, and given the well known phenomenon of investors pricing in dilutions when known ahead of time, could you offer up more insight into your theory?
Sam, a dilution is inevitable, unless we get bought out in the next 6 months. Whether or not we see .30 again, well, it all depends on what comes first: dilution or trial results. It's really hard to say right now. If we do see .30 again, it will be a great buying opportunity.