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  • myonlypost myonlypost Apr 6, 2011 10:09 AM Flag

    Think of it this way

    Had the stock price appreciated the previous warrant holders would have exercised their warrants and the company would have raised capital that way. Unfortunately the first tranche of warrants expired worthless. Given the poor stock performance it's likely no additional warrants would have been exercised. Given the 5 year warrants on this raise I'm guessing the new investors want a long lead time. If all goes well from here on out PYMX may not need to do anymore raises. With roughly 25mil in warrants outstanding with 2 years left and an additional 25mil now PYMX may see an additional 50 mil in capital. I'm not happy about the dilution but I'm trying to see a possible positive. Still hoping for positive trials results.

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