Momenta Pharmaceuticals, Inc. (MNTA)

[oc631]

You liked his question asking about a share offering almost a year ago? The Company gave its reason for the share offering back then and if you read this message board you would see it was also answered on this board as well. Completely irrelevant question to ask today.

The question was outdated but I myself was never satisfied with the answer the company gave on the timing of the offering. Most investors during that time period were focused on T-Enox approval and the offering was taken as a "no confidence" vote from management that they would retain sole generic status. Thinking back on it now I've come to my own conclusion about management's decision which IMO should still be considered a mistake.

A month after the offering it became apparent that Sandoz had no intention of continuing to partner with MNTA in the FOB space. This event, unknown to investors at the time, was the reason the company raised money at such an inopportune time. I think MNTA is a good value at this level but I don't have a lot of confidence in those running the company on the business side.



I wasn't the good old boy asking the question either.