I agree with you. I'm looking to buy in, but $4.75 is too high based on the dilution added. I'm also surprised they didn't issue a larger offering to prevent further dilution later this year. I believe TSRX will trade down until the closing date, and then without a catalyst will be dead money. Then again the catalyst could happen, sooner than later. When do you think the data/go ahead will be announced? Thanks and I value your opinions on the DRYS board.
The data is due out in March. Don't pinch pennies on this. The volume today ought to tell you something. I have been in and out of this stock since it IPO'd in 2010. The real money is about to come rolling in.