Institotion paid $4.74 on Nov 28 2013 2.7mil shares
The 7% stake implies an ownership of about 2.7 million shares, and using the price as on November 29, it denotes an investment of $12.8 million. The investment does little to improve the cash at hand of the company, but it improves the sentiment associated with it. Northwest does have a very strong pipeline, and if the results of the trials are positive, the cancer vaccines have blockbuster potential, which could further garner investors interest.
idiot, Institutions did not pay 4.7, they were the shorts who shorted at 6.7 covering their big short position as placement..morons like you never know what is going on. That's how they take you for ride
They are riding this TURD free..nothing to lose