Celsion Corporation (CLSN)

[Eagle24]

1. It's Almost Acquisition Time

As Celsion has been stating and as I've been reporting, the company is almost certainly going to be making some acquisitions as part of its "post-HEAT study corporate strategy". Jeff Church said in their previous conference call that the company had about ten potential candidates for M&A at the time. I pointed this out in a previous article:

Celsion also noted on its conference call that it had significantly cut costs and was working with Cantor Fitzgerald on potential mergers and acquisitions; a step that the company said could bring profitability and give it another leg (aside from ThermoDox) to stand on.

Going into this week, Celsion had plenty of money in the bank; enough to get them well into 2014, with their current burn rate of about a million a month. So, why raise money now? There could be four reasons for doing it right now:

Least likely -- Celsion wants to "strike while the iron is hot" and take advantage of the recent run in the stock price
More likely -- Celsion sees this as a great time to continue to bolster their balance sheet with significantly less dilution than their last financing
More likely -- It's a market strategy move to put a floor on the stock
Very likely -- Celsion is going to be shelling out money soon for something, probably an acquisition