Good Buying Opportunity Coming to those who are patient!
The fundamentals have not changed nor have the prospects for their drugs.... Until they can specify how large the offering is it will be very hard to figure out the dilutive impact... In the meantime for those still on the sidelines or who took profits at $5.50 and were waiting for a pullback...consider this a NewYears gift.... Our buy in might be at a new 52 week low?
I'm curious what the offering price will be, as that will probably be the price the stock trades down to. Once the offering closes the stock should start to move up again. The big question is....what will the 4th quarter report look like? With the current cash on hand I'm surprised they did an offering this early....thoughts appreciated...thanks.