The share price would already have taken off were it not for the fact that it was an open secret that Lewis and his buddies were going to knife us in the back for the second time in nine months by issuing shares at a fraction of the price of fair market value.
Imagine what would have happened to the share price had the potential buyers in this offering had to acquire those shares on the open market from a far smaller float - held by shareholders, the vast majority of whom had no intention whatsoever of letting go of their shares for anywhere near the current price now that Arikace has passed Phase III.
Stock price does not always go down once offering starts, Repros Therapeutics went down on
announcement and the next am and then went higher than the day before and has stayed up. Some people jump to soon!