GenVec Inc (fka GNVC)

[AngeloFoca]

If GNVC doesn't dramatically dilute, say keeping the O/S under 50 million

They now have ~ 18 million shares outstanding - with perhaps a couple of million options held by insiders that we'll say will be converted.

So what makes you think that they would issue another 30 million shares - especially since they are working with a skeleton crew and intend on expanding only through working with partners on their dime.

I would expect that, assuming there is some hint that Atoh 1 is showing "some" efficacy, that their next dilution won't be until the stock hits ~ $10 share. - perhaps 5 million shares at $10 to raise $50 million, and then perhaps take their RSV work through phase 1 themselves.