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Post# of 108192
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ubmmg

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ubmmg

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Friday, 09/07/2018 7:43:47 AM

Friday, September 07, 2018 7:43:47 AM

Post# of 108192
It's instructive to look at the history of those secondary offerings with attached warrants. Look no farther than Cormedix. They were trading at $2.00 when the news was obviously leaked and the stock crashed to $1.20 or so. The company announced the secondary at the close, with the offering priced at $0.75, plus double warrants.
http://www.cormedix.com/cormedix-inc-announces-10-million-underwritten-public-offering/
Then the stock continued to crash, going below $0.40 and reaching as low as $0.17. Even with the positive Ph3 results (DSMB trial halt for overwhelming efficacy), the stock now trades in 50 cents.
Can we see something like that? Yes, it's quite possible given the management's inability to strike good monetary deals.
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