Windtree Therapeutics Inc (WINT)

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Some DD - Not as bad as you think.

According to their Recent http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8467542


"In December 2011, the Company entered into a Sales Agency Agreement with Lazard Capital Markets LLC (Lazard), pursuant to which Lazard, as exclusive agent, may, at the Company’s sole discretion and at such times that the Company may choose, sell up to a maximum of $15 million of shares of common stock through an “at-the-market” program (ATM Program). The ATM Program has a term of two years, subject to earlier termination"

Conclusion: ATM Program is bases on closing price. Which is $3.50. So up to $15 million would be at most 4.2 mil Shares. I don't think they will issue all this at once.

To me, although this is dilution, its no big deal. And there is a big chance of follow up press. Hopefully some guidance on revenue.

Just bought some 3.08 Shares in AH market.