Momenta Pharmaceuticals, Inc. (MNTA)

[10nisman]

Hey frogman - that wasn't my quote, although I agreed with the substance.

My message wasn't addressed to you specifically but to the whole board.

Besides, if MNTA felt threatened by Teva, why not a secondary in the 20's?

Your comment/question is like asking an average looking guy why he married an average looking woman instead of Jennifer Aniston? Because it was never a freakin' possibility. MNTA's share price lasted less than 10 days in the 20's with only one day above $25, 8 trading between $20-$23, and within one month of approval it was trading at less than $15.50.

In addition, MNTA management never felt threathened from Teva. However, they were forced to do the offering in order to cover their buttocks from a potential lawsuit if tL actually did get approval. Class action lawyers would have had a field day saying Teva warned you repeatedly that they expected approval very soon, yet you ignored their warning and shareholder value was damaged significantly because of it. Thus, MNTA Management did an offering that was big enough to cover their buttocks but not too large to significantly hurt long-term shareholder value.

4. Most important - Be nice, be merry, & be kind to fellow posters

Nothing in my post was unfriendly or unkind. However, the truth hurts sometimes.