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Galena Biopharma, Inc. Message Board

thprahl 3 posts  |  Last Activity: May 21, 2015 10:19 AM Member since: Jul 29, 2009
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  • Reply to

    All of Tang's preferred has been converted!

    by participant42 May 21, 2015 9:47 AM
    thprahl thprahl May 21, 2015 10:19 AM Flag

    Page 22 in the S-1: Assumed public offering price per unit $0.51

    If so this could very well be the bottom

  • Reply to

    The end is near?

    by thprahl Apr 23, 2015 2:45 PM
    thprahl thprahl Apr 23, 2015 4:02 PM Flag

    So no biotech ever made it?
    No biotechcompany ever got a developement commercial. ever?

    this is the nature of biotechs. Funding is an issue for all biotechs.

    In short term pps of rxii is about Tang dillution. Longer term its about market value of products in pipeline

    You should know

  • Of Tang converting preferred to common? At marts 31. 3k preferred left to convert. Little more than 7 mio common share dillution. April 17th. 4.3 mio sharevolume alone. Lots of big trades included. From Friday 17.th til now: pretty solid volume still including those big trades. My guess is that there is not much left of the Tang overhang. Minimum half the overhang already dilluted. Maybe 2/3.

    Sharecount marts 31: 31 mio shares. Sharecount now. My Guess 35-36 mio shares. That is only approx 5 % dillution to come. At this level things might start accelerating.

    We might be pretty close to the bottom at this level. When dillution stops, pps might explode.

GALE
1.68-0.05(-2.89%)Jul 2 4:00 PMEDT