Arena Pharmaceuticals, Inc. (ARNA)

[surf1944]

ARNA is not a penny stock, the company will file when it sells stock into the market. I do not remember if ARNA has a shelf offering in place, but selling stock at current prices should be seen as a positive, you would hope that a biotech stock you own would sell new stock at the high range of its chart price.



Interesting. Has anybody called the Transfer Agent on Friday at closing to ask what the O/S is? Just to make sure the company is not diluting on the FDA panel approval. The otcmarkets shows the following:
Shares Outstanding 182,500,778 May 01, 2012
Also, the transfer agent is:
Computershare Trust Company Inc.
Transfer Agent
3200 Cherry Creek Drive South
Denver, CO, 80209
303-262-0600
It would be interesting to call them and see what O/S is on Monday. Who knows????