Could be why the share price is falling consistently day after day? I dont think they would be happy with a $40M dilution at these prices. These guys are known fro their patience on the upside but once they give up on a stock they unwind as soon as they can. If they bail you know the other large positions will follow. Very risky stock here with a possible payoff in 2016 at the earliest.
Could flucuate all the way to $3. I cant see them taking that kind of haircut. looks like someone is liquidating a pile of shares. Stocks flucuate.... this is more of a controlled liquidation trying to unload without destroying the pps.
Really. The Baker Bros are NOT daytraders. They're investors. If anything they'll be adding to their positions.
NO WHERE does it say CERS is selling 40M shares tomorrow. They've filed the documents to sell when needed.
This is a common practice of biotech companies who are in a good position moving forward. Look at other companies that the Baker Bros own. Additional public offering have not results in big sell offs. The price drops on the news,
and then very quickly comes back. I would not be at all shocked to see some big headlines before the end of March regarding one of the many items CERS has in front of FDA.