Mast Therapeutics Inc (fka MSTX)

[ExPatriate57]

I'm starting to feel the same way.... Yesterdays price action makes a lot more sense to me now.

Boy I'd hate to be one of the suckers who picked up shares @~ $3.50 in yesterdays pre-market. ( and I considered it)

One of the reasons I was attracted to ANX was Icahns involvement, I figured that his being a major shareholder would keep this kind of "Cowboying" from occurring... Boy was I wrong there.

How does Sickle Cell fit into Adventrx's product mix and expertise? I don't see any connection.

This line from the PR kills me:

"The target company has no employees, ..."

Also the numbers in the PR are confusing... It says "Current discussions with the target company contemplate an all-stock acquisition by merger. Other than an upfront issuance of approximately 19% of ADVENTRX's currently outstanding common stock (of which only 6.5% would be fully-vested upon issuance and 12.5% would vest subject to successfully attaining the initial development milestone)

But later in the PR it says " If all development milestones are achieved, including NDA approval, stockholders of the target company would own approximately 47% of ADVENTRX "

That doesn't make sense to me.

Hmmmmmm