Maybe if you would show less hostility in your posts people would react to them with less hostility. I think it should be obvious to most people that a secondary (for lack of better term) would be necessary if ARIAD is to go it alone on 534. The question is A) will they go alone and if so B) when would the timing of the secondary be. I think most people would be displeased with one now. 10,000,000 shares now nets them $30M which won't do enough to take things to the end game. Wait around awhile, get the trial started, get some RIDA results and the stock price could be much higher before ARIAD is out of cash. Personally I think the share price has significant upside. If the catalysts are positive and we see prices in the mid to high teens and ARIAD decides to issue 10,000,000 shares they would have my full support as I think it would be a prudent move to get 150,000,0000 give or take X given exact future share price. You may be correct in your speculation, after all we are all speculating. They may be looking to have a secondary now, but I don't see the logic in that, given that there is upward price movement in the stock, upcoming catalysts that could propel it further, and time left to be had. They have a built in safety net, i.e. partnering 534.
Just my thoughts. And by the way lets try to keep the tone of this board in check. Debate is great, but the tone of argument is counter productive.
