another observation:
the first S-1 was registered 3/8 with a 3/7 pps at $2.35
the second S-1/A was registered 3/20 with a 3/17 pps of $2.05
final registration was for $1.25--a 47% reduction from 3/8 and a 39% from 3/20.
the dip has been to $1 from the $1.25 so a 20% pull back.
to compare, RXII did the same thing, several S-1's filed, around $2/pps, then the final PO at $.90 pps. the stock tanked 20% to $.72, rebounded on pumpy type news (news that really should not have effected the pps), dumped to $.60 then stabilized at the $.75 mark as it approaches catalysts in the next couple of months.
the thought was that RXII could not secure interest without giving a steep discount, maybe the same thing happened here; but the difference being that the CEO of RXII did not buy into the stock like TNDM's, and that RXII CEO has only been purchasing 10k portions on the open market on a trickle while he makes half a million in salary. note that TNDM's CEO purchased 4 year's salary at the $1.25 share offer; i would say that is a steep difference in the vote of confidence.
if there is a 33% pull back from the offer, i will have to ride it out, but i think 20% may be where this one settles, as that $2million dollar purchase by the CEO is an awful lot of sweetener to offset the bitter.
i am a novice trader, as everyday is a new day on the market.
