Sunesis Pharmaceuticals (SNSS)

[StockJoe99]

My thoughts on SNSS are this.

#1) The company needs to get back over $1 to meet Nasdaq listing requirements.

#2) The company just issued options to significantly dilute current shares.

Why would you announce #2 with #1 hanging over your head? Is the company brain dead, are they planning a reverse split?

I believe it's because of #3

#3) The company is about to announce positive results at ASCO.

I strongly believe that the only reason the company would announce #2 is because they are convinced that #3 is going to be such a game changing event, that #1 will become a non-issue, even with the potential dilution.

Anyway, that's MO.