i assume many shares were sold earlier and covered by offering
This does not explain the recent increase in pps. If shares were sold to be covered after the offering, the pps would go down not up.
I should buy a book on the subject to understand the mechanism of the secondaries. Any suggestions?
Without any specific knowledge, no hedging requirement seems a plausible explanation. However, it requires the inference that some people knew that this was coming.
How does someone participate in such biotech deals? My broker (ML) was clueless about OGXI and how to get in.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.