one thing is certain it will not be priced above the market closing the day prior to the pricing.
underwriters will support the pps in advance of offering. They crooked ones will short in advance and buy at a lower offe price. if the pps shoots up unexpectedly then expect the offering to be at a 10% discount to the manipulated price.
will not be too long to wait.
this increses the chances of a hostile takover sooner. the longer big boys wait the more it will cost them. will they pull the trigger in advance of fda approval and save themselves allot of money or, derisk and pay more after fda approves both rindo and 11?
AM will not realize his dream of independence.
they could use stock to do that and save the issuer discount on a new equity issue ( 8%)
easily could have raise $150 mm at above $30.
its all about where its priced and if the over allotment is taken up. minimum 8% PPS discount to market so anything less than that is great news.
that was the last guy to hold that esteemed position.
2016 will arrive soon enough. another clinton in the WH and cldx pps at $80.
just not probable meaning what ( 6 mth is not the liekly outcome) so what is the P50 survival benefit assuming Oct for #64
why is it that the collective "you" do not believe management when they talk about the timing of #64? Are they not in the best position to forecast that event?
Q4 2013 was the line, with some alluding to Q3 as a possibility. early Q4 means 107 is a dud. late Q4 means it likely moves to a PIII.
is the payout worth the risk of going to $1.00 if 107 is a dud? if not sell and buy back after results assuming 107 gets to PIII.
currently on the sidelines with this one.
cab you tell me why te CEO went off script two cc's back and espoused Q3 as a possibility of the timing of #64? up until then it was always Q4. is it safe to assume that if 64 happened in Q3 then 107 is a dud?
hence the need to study the results data until management knows what message they will deliver to the world. I hve no problem with that delay as long as they reslease the timing of #64 as soon as they know it. but we all know thats not going to happen.
its just how wall street works.
ever ask yourself where disco and jet went? are they still long or did they sell?
its simple if 64 happened already 107 is a dud. if it happens end of 2014 it has promise and will make it to a P3 if it happens at the end of Q1 then its a clear winner and the pps will run.
place your bets!
i still like the idea of a stealth ATM facility to sell into Cramers inevtiable next pump and dump scheme.