They want to get that money before the drug gets denied by the FDA. I am not short or long, but I don't think it passes.
That is what I have been trying to say but people seem to think it is normal. Hogwash!! This is far from normal.
I have been following off and on since the first pop in the fifties. I didn't remember when the approval time frame was. If I invested I would short. As I said I think it should be trading higher and is not. There is a reason for that I believe. But thanks for the caring advice.
If they do not price it after close or tomorrow that tells me that they cannot find enough buyers at the price they want to make up the 300 million.
So why would you not wait until the offering price is given? Like I have said the offering price is lower than what it probably closes today.