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Nanosphere, Inc. Message Board

  • techstrategy techstrategy May 10, 2011 7:00 AM Flag

    Shelf offering raises the floor...

    Much as I wish NSPH waited until after a catalyst to raise this cash, the offering will establish a firm floor on the price, bring in new cash and extend its runway.

    It has about $1.10 in cash per share right now. The offering will only increase that amount and by a lot, so don't get freaked out by their posts.

    In fact, if it prices near $3 it will be bad for the shorts unless the are party to the offering (which I would think would have some serious legal issues) to lock in profits. I could see the stock moving north in the near term if so.

    Hopefully, we'll get details today.

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