Institutions are gobbling us up!!! And, they are NOT selling any time soon!!
Well, there was a little "gamesmanship" in play there ... heading for new HOD and "someone" pulled the rug out!!
Stop with the UGLY pumps, will you? We're smarter than that!
Well, YHOO page has 107 O/S now, plus the roughly 12M new shares = 119? Quite a difference between 129 and 119 - nearly 10%
Jefferies LLC and Piper Jaffray & Co. are acting as joint book-running managers for the offering. Griffin Securities, Inc. is acting as a co-manager for the offering.
I know market conditions have a lot to do with where/when/how you can place an offering. But with Griffin's very optimistic price target, I wonder why they had to place it at $3.75? Guess they got their friends in cheap!!!
Where did you hear 4x? Only other stock I own that did a secondary that was 4x subscribed was CEMP and, yes, it did touch the offering price, but hasn't looked back since!
FOMX? Just wondering since it is in the antibiotic space. Not new antibiotics, but new form of delivery. Very low float ... owned big by Baker Bros., and holding up very nicely in the ugly market! Been in since the $7's.
Downside is limited, but COULD happen. Set a buy lower ... leave it. This is one perplexing stock to own. It requires the patience of Job because it may not move for a long time, but things are definitely looking up behind the scenes!!!
And, Bernard ... just to get you clearly on record here and now. You sold and have no position ... waiting to enter in the low $3's? Is that correct. Because I wouldn't want you coming on here after another contract announcement telling us you actually went REAL long at $4. Call me a skeptic?
Then what? Then we ramp up mfg as evidenced by deal with FLEX ... do you really believe that the top tier companies we're dealing with haven't vetted AS and UNIS? Tick tock, shortie ... your window is slowly closing!!!
I'd say there's nice demand!! Personally, this funding takes away some of the short's ammo ... BK? lol
All systems go ... $3.75 floor ...
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
Unilife Corporation (the "Company") is currently in the process of finalizing its financial results for the second quarter ended December 31, 2014. Set forth below are certain preliminary estimates for the second quarter ended December 31, 2014, based on information currently available, as of the date of this report. Management estimates the Company's cash and cash equivalents (including restricted cash) as of December 31, 2014 to be approximately $10.8 million and the Company's revenue for the second quarter ended December 31, 2014 was $5.4 million.
These preliminary estimates have been prepared by, and are the responsibility of, the Company's management. The Company's independent registered public accounting firm, KPMG LLP, has not audited or reviewed, and does not express an opinion with respect to, these estimates. The Company's actual cash and cash equivalents (including restricted cash) as of December 31, 2014 and the Company's actual revenue for the second quarter ended December 31, 2014 may differ from these estimates due to the completion of the Company's closing procedures with respect to the second quarter ended December 31, 2014, final adjustments and other developments that may arise between now and the time the financial results for the quarter are finalized. The Company expects to complete its closing procedures and announce its financial results for the second quarter ended December 31, 2014 in February 2015. Accordingly, the Company's consolidated financial statements as of and for the second quarter ended December 31, 2014 will not be available until February 2015.
This smacks of $$ to ramp up ... long term, it's definitely a good thing. Not so much, short term!
Is the language in the PR "subject to market conditions" boilerplate? Seems market conditions don't have anything to do with selling shares if you have a buyer(s) lined up? That implies more like a shelf offering, doesn't it? I'll have to reread ... it's early!
Just WHO knew about this ahead of time and sold? We sat here scratching our head for the sudden swoon ... guess those in high places knew about it! Yeah, yeah ... glass half full ... fully funded now, glass half-empty ... how many shares is a person expected to accumulate? Help me find my rose-colored glasses, someone?