Tetraphase Pharmaceuticals, Inc. (TTPH)

[jdlamont]

acrx is using ttph's cash to help buy it (the 5 mil)
notice they never say how many shares outstanding when determining the cvr value per share.
the .72 shares are these existing or newly issued? more dilution?
They get their hands on our 5 mil cash and it costs them basically nothing.
They just issue stock. Then the little bit we may get from the c.v.r. is revenue generated from OUR products. which they keep the lion's share
They are not coming up with anything except .59 cents a share. How much of that is from our 5 mil.

This is a superior offer?
Well if someone offers you crap, and then someone else offers you crap with 3 grains of sugar on it, well then you could say the latter was a "superior" offer.