Hi Gene, I just received a reply on this question from a member I respect by the name of MDMSCF on IHUB. Here is his response. Hope they don't mind me sharing.
Here's my estimates if 70 events were to occur on the dates listed below.
1/1/2016, NeuVax RR of 7.7%, 61.5% improvement in DFS.
2/1/2016, NeuVax RR of 6.7%, 66.4% improvement in DFS.
3/1/2016, NeuVax RR of 6.0%, 70% improvement in DFS.
I received the same exact reply.Remy earning her salary cutting and pasting.
I thought we were suppose to get a short squeeze instead? Holding here, but disgusted in managements decisions. Vote your shares accordingly at the next shareholders meeting.
It's OK. After today their won't be any need to worry about a short squeeze, because from the looks of it they will be able to cover easily, if ever, under $.90. Kreigsman's parting gift to shareholders.
Dow already down over 300 points again today. Bigger fish getting fried besides Galena. Market conditions? Hey! Lets do a secondary! Yeah!!!!
I know we do not know the terms, but how/why would management agree to terms anywhere near these prices?
"Shortie can cover easily now with no squeeze"
I do not remember exactly, but when the last equity offer was done, wasn't their like an 18 million share day? See what happens this time.
Surprised management didn't wait until the price was under a buck. (sarcasm). Cat has been out of the bag for a few days. Not my cat or bag however.