Cldx is being diluted by 16% if offering is priced at $7.42 closing price. Current outstanding shares of 62 million plus about 10 million shares sold to raise the $75,000,000. Sold my holdings in after hours at $7.16, back in within the week hopefully at a lower price.
j20 - if he is only holding a small amount of shares, it is probably a good move to get back in later. I do believe there are going to be some cheap shares tomorrow in the low to mid 6's, hopefully no worse than that. Unless.......drum roll please.....there is another announcement tomorrow.