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Wednesday, November 29, 2017 1:49:58 PM
Stock will drop 20%+ when offering announced, maybe below $2. To raise enough money existing shareholders will get diluted to <50% ownership. The offering will come with warrants so the tutes can keep playing the no lose short game as the warrants will cover. Eventually another reverse split will be required.
And that is in this perfect market record high environment. If we get war in N Korea and the market crashes, a stock offering might not be possible on any terms.
Let's get real folks. Merck and BMY arent interested at this time. AMGN would probably make a decent offer if NEO results are good.
So really PETX shows us that any stock offering would be massively dilutive and result in shareholder destruction. The only realistic alternative to get a decent return for shareholders is to SELL THIS BEECH!
Get it done Tony. $20+
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