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Sunesis Pharmaceuticals, Inc. Message Board

  • mauricethepantsman mauricethepantsman Sep 26, 2012 5:37 PM Flag

    Another 13g filed with the SEC

    Another fund with over 5% of ownership in the shares of the company. Tomorrow should be interesting.

    Sentiment: Strong Buy

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    • how are the warrants triggered ? the ones .36 and .42

    • Hey Maurice,

      They purchased the shares on Sept 25th. Unfortunately we probably will not get too much of a bump because they didn't buy these on the open market. Often these firms will accumulate at a specified price with the trading firms in an "across the board" or "off trading floor" trade.

      But man did they accumulate a TON of shares!

      The way that I read the 13G is that the same company accumulated as 2 separate entities of 5.4% and 3.3% for a total of 8.7% of the company. Along with Visium gaining 9.4% earlier last week, that is nearing 20% increase in institutional ownership.

      These companies are seeing the value of SNSS not only with Vosaroxin but also as a subsidiary to a large pharma needing to add the patents and phase III drug into their pipeline.

      I anticipate a modest decline for a period of time until either we hit BO rumor or announcement from Biogen Idec or Millenium on progression of Raf Kinase Inhib studies.

      It has been wonderful ride so far. I think we still have a lot of potential left in this company.

3.97Oct 25 4:00 PMEDT