cpxx....celator pharm raised 38 mill (is this a signal) on 3/29 at 9.50/shr....2 months later Jazz buys them for 30.25 ....so any naysayers put that in your you know what and smoke it!!
of course it is... if they get AA gild has already offered in the realm of 2.5-3 bill for the company(not public knowledge BTW)...look at gild stock today... they need new rev streams and they have the cash to burn...
massive profit taking in the shorts...they are still covering today....they do not have 9 qtrs of funding if they have to run full blown ph3 placebo trials....and by the way you don't wait until you run out of money to raise... you raise when you can- not when you have to....this 40-50% pop off the bottom (60 if you count premkt.) is a great time to raise capital...there are analysts with $5-$7 valuations on this....right or wrong this speaks of a time to get some green.....these companies(clinical trial non revenue moonshots) need money....they will take it when they can.
either way i wish you well...just remember your opinion is just that- your opinion....same with me. just remember we all have the right to voice them. good luck to you.
i don't wish anything of the sort... i wish approval for the kids....i have made a small fortune on this stock i have sold into several of the runups starting back at he Ebola scare some 20 months ago...then the nda filing , then the world muscle conference and so on.....last one was runup after letter to fda....sold most at 23.25 held 20% into latest BDs(big mistake) but then quadrupled down after panel vote premkt....this hit 6.90 premkt......i bought 4 times the shares at 7.30 that i sold at 23.25 ..... dumped half of them at 10.75 but then sold the rest today at 11.55......so now i'm waiting for offering......either way i only "WISH" for approval....and if i am out that is fine...i wish that either srpt gets approval or the capacity to run more trials(money through offering) to satiate this petulant FDA....glta longs!!
obviously if they KNEW approval was coming they wouldn't need money......(200-400 million in voucher....along with sales revenue)...but they DON'T know that and greedy wallstreeters want in before and chance for runup and dump.....why did they raise at 39 last fall? they filed the mixed shelf back a month ago and now is the time to feed the greedy beast!! i called the last one and you all called me a fool... i'm calling this one call me what you want!!
here comes the offering... i hate to say it but they have leveraged the short covering to place an offering.....10.25 -10.50 10 mill shares to 15 million... volume and pricew action speaks it.... they need money and right now valuation is tanked artificially up due to short cover... hate to say it but thats my gut feeling...