ANI Pharmaceuticals (ANIP)

[LordDarley]

JTFM. Agreed. They will all be insiders. Usually when a fixed number of shares is issued in a deal there will be dilution protection. That's also the case with option awards.

Normally, I'd rather see a company issue debt instead of dilutive equity. However, ANIP has borrowed about as much as it can, so this is the way to raise money. Still, you'd like to think your insiders take the same dilutive hit the outside shareholders do. So I'm just curious. Impossible to make a judgment until you know how much will be issued and at what pricing.