I know they have 82M+ but would not be a bad time to raise, in fact I would recommend it instead it falling then having one....I just have these AMRN flashbacks, LOL.........some on here I recognize from AMRN so they know what I mean.....
If they aren't bought by early Oct, IMO the chance of a buyout after OCT and before the FDA date is slim to none as they should partner EU before the end of the year. Once an EU partner is established, a buyout is more than likely off the table completely.
oops, mis-read your question.
More than likely. They only have enough money till Q2 2014 per Stein at JPM. If they don't partner EU soon with a fairly large upfront payment, they will have to do a stock offering to get materials for TED, hiring etc to bring this to market. Stein has mentioned 150 sales reps, that is a lot of well paid reps, support staff, payroll, benefits and they need to ramp up the production as well. All that is going to cost a lot of money.
Hey Jefferson, what's up.. Made some $$ on srpt short.. Kitty brought me here from snts earlier this year. In the 7s. Looking for little pull back for more shares.. I still hold a lot Amrn shares. And acad kerx
I bet you held your breath for a second pre-mkt when SRPT spiked! Good call ... it was priced for perfection. I was in it since $10, took profits too early and sold my remaining shares a few weeks back at $39 to buy more TSRX and ACRX. Kicked myself when it ran over $45, but my alternatives produced more, anyway.
When do you plan to cover?
AMRN has a fish oil product, what's novel about that? If you bought into that, shame on you, I always thought that story smelled. I do agree that if TSRX is intends to market and sell in the US, they should raise money. If they do, it likely takes speculation of an acquisition off the table. If they don't, or the longer they go without raising, the higher the probability they are shopping for the best deal. If they were planning to sell, it would be better for shareholder value if they publically state their intention and go auction style.