Replies to post #184602 on Biotech Values

[DewDiligence]

MEIP—…obviously, the news of the offering leaked. Does the SEC ever investigate stuff like this?

Only if a buyer of shares in the offering shorted the stock prior to the deal closing.

When an investment banker is soliciting buyers to participate in an offering, there’s no way to prevent such information from becoming widely known.

[DewDiligence]

MEIP sells 11.5M* shares @$4.00, a 5% discount to yesterday’s close:

http://finance.yahoo.com/news/mei-pharma-announces-pricing-public-130000243.html

Shares are rallying today.

*Assuming exercise of underwriter’s option.