Biotech Values

[tekcor_atnm]

MNTA: They offered the same exact amount of shares this time (4.6M shares) as they did in the last offering in Sept. 2009.

At least the discount on the offering was 5.5% this time. The last offering in Sept. 2009 was discounted at 7%.

See #msg-42163809.

Before I say this, please forgive me. I am a long and I am not trying to stir up anything here but it seems (IMO) like they are almost operating as if mEnox never happened or was a smaller part of the equation going forward. I know that this is grossly simplistic and naive view of the offerings and based on all that has happened, but without a concrete announcement from CW on a program moving forward with the cash, could they be setting up for business as usual a la pre-2010?

Disclosure: I have a substantial amount of MNTA and I am just trying to understand MNTAs situation (and what MNTAs management thinks of their situation).

Okay, go ahead, tear my post to pieces.