$heff's $tation of $tocks & $olid DD

[crammerfool]

w/ CXM, I found it funny that the stock trading price was trading very tightly to the average share price in the offering of $0.50 per share, at least in how I am reading it.

Small clip from the news from yesterday:
In the offering, Cardium is selling 2 million Units at a per Unit purchase price of $5.00. Each Unit consists of 10 shares of common stock and a common stock purchase warrant to purchase 5 shares of common stock. The common stock purchase warrants are exercisable at an exercise price of $0.64 per share, are exercisable at any time after six months from the date of closing and have a term of exercise equal to five years.

I think the news will be out very soon on the FDA 510k.