Fibrocell Science Inc (FCSC)

[rocketeer357]

#1- They raised lunch money with this offering. If they sold $75 million worth of shares at .90, then I might be worried.

#2- If accredited investors were willing to risk 1.8 million $ on shares at .90, I'd say that's a pretty nice vote of confidence. You don't buy shares at .90 if you think FDA approval is unlikely....simply because you know that if the FDA approval doesn't happen, your .90 shares will be trading at .27 before you can type in your sell order.

#3- This deal was cut weeks ago.....and no doubt leaks around the deal have contributed to the sell-down to current levels. The PPS has held its ground above .90 over the past couple of weeks, even in a horrific market.

The only real question left for me is how much approval is already baked into the PPS.....and as a long, I hope the answer is "not at all."

GLTY