Shares of DSCO- Discovery labs should resume they're uptrend which was interrupted for mainly technical and funding reasons....$57 Million-secondary, $8 Million dollar likely Green-shoe-over-allotment option-subscribed...and the conversion of a further $15 Million of $2.85...may be dillution/adjusted ??? warrants...coming due now...totals to DSCO's Treasury will approximate $80,000,000.
I look for shares to slowly cross through $3.00-$3.25 levels...and mark time in the mid-$3's...for awhile...as the company consolidates it's ever brighter prospects.
it seems that you are assuming that all shares diluted have hit the market already........ i just don't see how this could be possible..... i say it is IMPOSSIBLE for price to go up until we know that all shares issued have hit open market and probably until we see some filings that disclose exact amount of shares and price of offering POST execution
Just a quick question....why dsco need 6 to 9 months to launch the two products in the market ? I mean other companies I have seen been able to launch much faster within 2 to 3 months...example...corcept launching new drug in may approved in february and so many.....now that they have money which I believe was already planned in anticipation of approval, they should act faster in product launch.....bottomline...I just hate to see cash burn for the next 6 to 9 months and have no action plan.....why is the wait ???
I totally agree. I will dollar cost average on this one, which will be easy since I only bougth a small amount in the high threes. If I get it to around 3.00 I will be happy. Then I will put it on the shelf,, This is going to be like a fine wine put it away and let it age...Everybody is runnig like Rome is burning.LOL.... They all want the quick buck... GL to all...
I also intend to buy a few more tomorrow near opening...and too shall put away like a fine wine to let her age a bit!
Also it's a very good feeling knowing my investment is going towards helping a Company that's really making a contribution to the advancement of medical science and is leading the way in one of it's subset industries and bringing healing as well....