Replies to post #2992 on Chelsea Therapeutics Intl Ltd fka CHIP

[Guppi00]

I'm also disappointed with the price. My options were apparently too rich for the deal they took.

I'm not sure if they will get 51% of shareholders to agree to the price. I think management said - "OK, you can try!" Management may have felt the pressure to do something quick while the share price was sinking and they did. It might not be what we wanted but I'm sure they took the best offer in front of them at the time. The good news is, anyone else considering Northera knows the price to beat.

For now, there is a floor on the stock - limited downside potential is my favorite kind of risk. Guess I'll be holding for a little while longer to see how this all plays out.