Sesen Bio Inc (SESN)

[ElevenWall]

Maybe not selling of the new shares. Volume was too low. But in retrospect, seems related to the secondary to establish a price, and presumably permissible within Regulation M. Can’t help but think the “cash runway into 2020” comment was a bit of misdirection to provide cover. Doesn’t mean the secondary won’t turn out to be net positive fir SP, but nobody likes sneaky.