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Butte Bill

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Butte Bill

Re: None

Monday, 04/14/2014 7:15:04 PM

Monday, April 14, 2014 7:15:04 PM

Post# of 7900
Hello, I'm new to this board, but an active investor in other biotechs.

The Agora newsletter Breakthrough Technology Alert this afternoon came out with a recommendation for buying TransEnterix up to $9.50, but hedged by saying currently thinly traded and could go down for the next few days.

I checked for news on the company and after close of the day the company announced a public offering of 12,500,000 shares at $4.00 per share. Since only about 50,000,000 shares outstanding, this is impressive dilution. Any comments? Do you trust management?
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