InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
60,794.66
(
0.00%
)
Post# of 251797
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

DewDiligence

Send PM Follow Ignore
Followers 829
Posts 119614
Boards Moderated 14
Alias Born 09/05/2002

DewDiligence

Member Level

Re: jbog post# 209494

Tuesday, 02/28/2017 7:08:56 PM

Tuesday, February 28, 2017 7:08:56 PM

Post# of 251797
Re: RVNC liquidity /ATM facility

RVNC showed admirable restraint in not tapping the ATM until after the stock rose 60% following the US presidential election.

After issuing $10.1M of stock via the ATM during Jan-Feb 2017 (#msg-129082590), $64.9M of the original $75M remains available (http://www.sec.gov/Archives/edgar/data/1479290/000119312516495444/d148689d8k.htm ).

On today’s CC, the CFO said RVNC will continue to be “judicious” in tapping the ATM to avoid unnecessary dilution.

The above mindset about dilution should be automatic, but there are some biotech companies we know who are less shareholder-friendly in this regard.

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

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up