wants to sell 4 million shares through Jeffries for $18.25. The deal is non-dilutive (transfer from one big holder to another). It may be a good deal to buy some on the dip. They just had earning of 25 cents per share in the 1st quarter. COSMO will retain about 3 million shares after the transaction. I know they received some shares in lieu of milestone payments in the $3's in the past for Uceris.
PS - I am not suggesting selling TSRX shares to buy SNTS. Just find a way.
Deal should be closed on the 15th. Maybe COSMO needed some cash for another deal. I know from reading about COSMO, they were possibly looking to be bought out (I don't know if this is the case now). Cosmo will still have a stake as they have 7.8 million shares now. The also get a royalty on Uceris, which is having a great launch since mid Feb. Growth is huge $339 million sales estimated for 2013 and $432 million for 2014 (per yahoo). EPS estimates may be low 76 cents 2013 and $1.25 for 2014. Share price is still on uptrend line. My target is $24 near term target and $30 + sometime maybe in 1 year. Wow, now $19.50, this reminds me of TSRX offer (but SNTS is COSMO directly to a BIG). Looks like COSMO is the loser. All JMO TSRX KABOOMEO!!!!!!!!!!!!!!!!!!!!!!!!!! Wholly Molly $7.04 BEAVER PIE we are all on bigger rafts with slushy drink listening to island music. BEST TO YOU AND ALL THE CRITTERS IN TSRX. BOOM