TG Therapeutics Inc (TGTX)

[Ecomike]

Good catch, thanks. Been fighting a nasty head cold, not surprised I goofed on that post's decimal, 11.5 million market cap sounds even more reasonable with the 2 front line products so near to becoming revenue positive, compared to most biotech's and their someday wish list of product hopefuls....I see a lot less risk with this one than I do with many other small biotechs right now that are facing huge stage III trial expenses before they can even think about marketing.

Good news, we have an SEC filing today with some details. The new shares are about 5-6 months away from being sellable (MHAN has 60 days to register the shares, and a 150 to 180 delay after that for them to be sellable, if I read the SEC statement correctly). I was stuck by the large number of accredited investors that bought this round of investment! The lucky number was 77 accredited investors that bought the new shares! If those are new investors, that is good news I think. An average of a little under $30,000 per investor.

I am surprized that you are not expecting a higher average price after the merger is completed, due to the added value of the take over targets pipeline. Keep in mind, the Ariston investors and possibly some of their creditors will become new MHAN stock holders as well, with a brighter future for their new shares than they recently had for their old holdings. I am not saying we will not see buying ops under .07 again, but I think you are underestimating the up side potential here this year.

http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=MHAN&product=SECEDGAR&provider=TENKWIZ_&storyid=201003051514TENKWIZ_SECEDGAR_6812009&hlinks=vnhl

I have a lot more faith, and a lot less doubt in the near term survival of this company now than I had off and on the last 6 months. Frankly I am somewhat amazed that a little stuggling outfit like this one was able to pull of the financing and merger / acquisition at all under current conditions.

Enjoying the chat, nice to have a mild opposite to discuss both sides with, helps keep us both from overestimating one side of the picture!

Go MHAN!

GLTA