yes, it is equiv. to giving each shareholder a dividend as a share of stock. Since all shareholders receive it, there is no dilution. Share count increases, so the hostile bidder can't gain controlling interest if management acts in time.
That's obvious, they already have a huge cash hoard, somebody would like that along with drug for cheap. Big pharma buying in drugs, alleviates development risk.
It may not be good to sell today with the two scientific presentations today. Also, the S-3 share increase can be used to do a poison pill (non-dillutive) to block a low bid, cash on hand here is high, no need to raise cash, IMO.
mamma paddles you for hacking her account and losing short all the way up. 4.55 and 4.75 this week alone for you.
LOOK at chart, carry my share cart up the hill, you got it wrong stock twerker (yuck), you won't post until 15 eh, well that ain't coming.