The whole article would not post, but even after issuing more shares (diluting) CPXX is now going to be bought out by JAZZ for $30+. , and if you look at the articles after the stock rocketed from $1.68 to the $10 area you will see just as here the stock was getting bashed on the message board and by the article writers.....similar to here................THEN JAZZ comes along and is now in the process of buying the company for $30 plus. It's easier to scare people out of their stock than it is to convince them to buy it, especially if they have profits in it, then the rest just follow along like sheep. This is all a game, been going on for hundreds of years. Ever been sorry you sold ?
EWING, N.J., March 29, 2016 /PRNewswire/ -- Celator Pharmaceuticals, Inc. (CPXX), a pharmaceutical company developing new and more effective therapies to treat cancer, today closed its previously announced underwritten public offering of 4,600,000 shares of the Company's common stock, including 600,000 shares of common stock issued pursuant to the underwriters' exercise of their option, at the public offering price of $9.50 per share. The gross proceeds of this offering were $43.7 million. Net proceeds to the Company, after deducting the underwriters' discounts and commission and other estimated offering expenses payable by the Company, were approximately $40.6 million
The Company intends to use the net proceeds received from the sale of the common stock to fund regulatory, manufacturing, commercial and clinical activities for VYXEOS™ and general corporate purposes, including working capital.
Stifel acted as the sole bookrunning manager for the offering. Needham & Company, acted as the lead manager, and Roth Capital Partners, H.C. Wainwright & Co. and National Securities Corporation acted as co-managers for the offering. MTS Health Partners, L.P. served as financial advisor to Celator for the offering.
The shares of common stock were offered by Celator pursuant to a shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission (the "SEC") on February 12, 2
This "dilution" will very shortly not even be remembered......then you will regret selling because of it.
Not all secondaries are bad for the stock. Most are brainwashed into thinking they are.
In a much stronger position when a buy-out comes along, at the very least a partnership from a major will appear. They can not ignore this little company with what they have.
It looks like patience will pay big on this one.
There are various reasons for an insider to sell stock.............there is only ONE reason they buy.
They don't say after the fact.....hey we did a secondary.
Not being too touchy, just pointing out to the ignorant their ignorance.
If somebody doesn't say something to these morons they keep committing their stupidity, and totally oblivious to it.
A glaring example , look at the current president they voted for the White House............TWICE !
And would vote for him .....AGAIN !
This country is in an extremely dangerous situation of the total morons having the power to condemn us all, they are at a fast pace outnumbering us with a brain!
This is the problem created when you reward them for multiplying.
Three thumbs down ?
You disagree with what I said ?
Then grow a set of balls and give your ignorant opinion . Any moron can give a thumbs down and remain ignorant........in private. What I said about the reverse split is 100% correct.........instead of giving a thumbs down, show of proof that I am wrong.
They didn't have a 6:1 split they had a 1:6 split.
In a reverse split the smaller # always goes first
A 6:1 split would be a regular way split, you would be getting 6 shares for every 1 that you have.
A 1:6 split you get 1 share for every 6 that you have.
Article is from Mar 1 2016
On the other side of that panic........there is somebody there willing to take their stock off their hands.
Hey pennyvulture did you actually read all of what I said ? Read it again, and if you have to go ahead and move your lips while you're reading, maybe that will help you comprehend what I said.
One more time, I have seen The Street write articles about a company that was ACTUALLY being bought out and the "writer" from The Street........gave the stock a SELL rating based on their financial history.
Now would YOU pennyvulture put any credibility in that idiot's SELL rating ?
When I think about it , yes I guess you would.
The "writers" for The Street, if you read their garbage for any length of time you soon notice that the vast majority of stocks they write about they say that The Street has a sell rating on the stock, even if there happens to be a positive event going on at the present time with the company..........because the base their ratings ALWAYS on the past.....history.
Not what is actually going on in the present.
Example, based on PACB's PAST financially who in their right mind would recommend the stock ?
PACB is not about their history of earnings............it's about what is ahead.
Read The Street for awhile and you will clearly see they base their "ratings" on a stock by the company's history of earnings.
No matter what. I've seen these idiots actually writing about a company that was being bought out, not just a rumor of it, but actually being bought out...........and these morons gave the stock a SELL rating based on their financial status.
Oh yeah, these are the guys I want financial advice from .
"How can anyone take these guys seriously!"
Only the braindead do, sometimes.
"CEO not on CC yesterday, possibly due to meeting with Roche. Earnings date also changed."
He did not, or can not , answer any questions about any Roche deal, so it's time to get the flu.
rarescientist You beat me to the punch. I was going to post very similar to your comment.
You do not enter into a deal from weakness, and having capital in back of you gives you strength. And in reality some here are overlooking the key words in this announcement, The key words are....."from time to time" and "Sales of our stock , IF ANY ".
In other words they are NOT actually issuing any shares now, it is "IF ANY"...."from time to time".
This is a common practice when a stock comes into play. This is if anything showing that PACB is actually indicating that negotiations are ongoing, and simply are having a war chest available....."IF ANY" is needed.