Arena Pharmaceuticals, Inc. (ARNA)

[Zilla]

I think the offering was very wise...If any delays or non-approval (which I don't think will happen)
Only 11 million share to have 60 mil cash available in case anything goes wrong and at a much higher PPS. Had they done this before the panel it would have dipped below 2 bucks and they probably would have done 30 mil shares.
I had/have TTNP and we were between 2-2.50 off of news and we didn't dillute as many expected BUYOUT. Well in time we retraced to a buck and ended up selling our royality payments to Deerfield. (They are in ARNA too) Then we also owe them money still and were at 1.15 when we sold shares AND warrants .85 share/.85 warrant expires in 6 months and 1.15 warrants for 6 years. 60 million share added 6 million share, 12 million warrants and we went below .70 on trading 8-0!!!
Had management been as forward looking as ARNA is doing now, then we'd not been sitting under .75 since dilluting. This takes ARNA's float to still under 200 mil and gives them 60 mil shares. The chart looked like SHORTS were taking it to 5.50 either way, but maybe they covered now or soon and won't do a bear raid. They still might but who knows. I expect approval and I think management learned for other's mistakes and made a move while the stock is HOTTT!!! ;-D