to finance the purchase. That is the fear. They dont have the shares they are using to pay with. And that scares people. Probably that is why it tanked as well.
They will raise cash with high presumability - the company is burning millions of US$ each quarter.The management is completely overpaid - and I think Medarex and Lorantis are selling their shares in front of upcoming dilution to fools.IMO.M.
My MY how short are you?