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DewDiligence

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DewDiligence

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Re: DewDiligence post# 188513

Friday, 04/24/2015 9:22:13 AM

Friday, April 24, 2015 9:22:13 AM

Post# of 257683
PFNX sells 2.61M shares @$15.50 with concurrent secondary offering of 4.14M* shares from insiders:

http://finance.yahoo.com/news/pfenex-inc-announces-pricing-offering-123000730.html

It’s unusual to have the ‘greenshoe’ option come entirely from the secondary portion of the offering.

*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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