CheckPoint Therapeutics Inc (CKPT)

[chainma1l]

Hopefully that doesn't actually come to pass. They have cash for MAYBE two quarters, so they will make it to their BLA meeting before needing to raise cash. If that meeting is delayed for any reason, that could be bad. Fairly sizeable amount of dilution is coming. Say they can get $3/sh right now. They can only sell about 40.1 million shares. Currently, they would have to sell at a bigger discount, so maybe around the $1.5-$2 range is my guess. If the meeting goes well, they could be in the $50/sh range in very short order, so 5 million shares could net $250 million. They are still quite a ways off from revenue, however, so with the low float, it could be quite the rollercoaster.