Recent

% | $
Quotes you view appear here for quick access.

Astex Pharmaceuticals, Inc. Message Board

lee.grayling 2 posts  |  Last Activity: Jan 22, 2015 9:08 PM Member since: Jun 22, 2013
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • lee.grayling by lee.grayling Jan 22, 2015 6:13 PM Flag

    The dilution will be about 22%. The price before the announcement was $8.99. 78% of $8.99 = $7.01
    Usually, the pps doesn't drop so perfectly with the dilution since they are gaining an asset which guarantees sufficient funds until filing for mesothelioma approval, but since it drop in line with dilution, the numbers at least office their own explanation. These situations usually self-correct. This isn't a junk company without prospects desperate for $$$.

  • lee.grayling by lee.grayling Jan 22, 2015 9:08 PM Flag

    The dilution will be 28%. The price before the announcement was $8.99. 72% of $8.99 = $6.47
    I've like this management, but they should have authorized a secondary to be dribbled out "at-the-market." No need to cause this pain to shareholders. They didn't need to offer all the shares at once.

ASTX
8.4950.0000(0.00%)Oct 10 4:00 PMEDT