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DewDiligence

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DewDiligence

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Re: DewDiligence post# 186607

Friday, 01/30/2015 1:41:20 PM

Friday, January 30, 2015 1:41:20 PM

Post# of 251778
EPRS sells 11.44M* shares @$5.00—a 23% discount to Monday’s closing price:

http://finance.yahoo.com/news/epirus-prices-48-million-public-120000611.html

The shares are down 10% today.

As a player in the costly FoB arena with a relatively unknown partner (China’s Livzon Mabpharm—#msg-106600322), EPRS was bound to need more capital fairly soon, but the sharp discount of the offering to the market price is not encouraging.

I commented on another potential hurdle for EPRS in #msg-109502738.

*Assuming exercise of underwriter’s option.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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