Cel Sci Corporation (CVM)

[sab63090]

Since warrants were attached "for free" and for 5 years...the cost to the underwriters was a discount of 6.25% (93.75 x .79 = 74.0625 cents) The warrants have a 5 year life, I would think we can assume they are worth 10 cents? Gives me a price level where the stock (alone) might trade to...65-70 cents, maybe?

Did Geert sell a lot of shares on this latest money grab to reduce his 10% position? He needs to report this reduction within 2 days with a new Form 4 filing.

I'll continue to watch and see if enrollments grow. Someone stated that with more than 100 places, we should expect better than 1 enrollment per location....that's more than 100 versus the 31 now.