InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,447.87
(
-0.31%
)
US TECH 100
19,044.80
(
0.46%
)
Dow Jones
39,411.21
(
0.67%
)
Brent Oil
84.80
(
-0.56%
)
Bitcoin
61,294.59
(
1.71%
)
Post# of 252337
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

petermic

Send PM Follow Ignore
Followers 59
Posts 2025
Boards Moderated 1
Alias Born 05/07/2003

petermic

Re: biotech jim post# 149432

Thursday, 09/27/2012 10:25:55 AM

Thursday, September 27, 2012 10:25:55 AM

Post# of 252337
Jim:

Chiming in on PATH. Did you not see the financing news yesterday?

Distilling it down, the company sold 14 million shares for $28 million, and also issued an additional 14 million warrants exercisable at $2.00.

So that amounts to 28 million new shares at $2.00.

As of August 18, company had 14.8mm shares outstanding. So they just sold 2/3 of the company for $2.00 per share. When these shares are registered it will be a heavy weight on PATH's share price.

Peter
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

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.

Sign Up