Friday, March 31, 2017 10:53:45 AM
Private placement, convertible notes, or an S1 filing. What did they do?
S1 filing for $6,900,000
Does it all become clear now? Why did the short position in Apricus increase to 3X-4X what it was and was not in panic mode when volume pretty much came to a stand still?
They can cover using this Secondary offering if that is what they want. But history in Apricus shows us that the prices will dip way under the offering price and the price remain depressed for quite some time after the offering is closed.
We can try to put a price on what Vitaros in the U.S. is worth but at the end of the day, it is only worth what Apricus' management sells the company out for.
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