Vote for dilution July 31st.
Realized the vote to double shares to 139 million can only take place at the meeting on July 31st. I suspect there will be upward movement on stock price until close to that date. Each investor will have a huge decision to sell their position as we approach this date. Or accept the dilution and hope it is the right decision for potential long term gains. Often dilution drops share price. Selling right before dilution occurs, waiting for the slight drop in shares and buying back in is another option. If the drug is not approved, DVAX as they mention cannot continue to run their business as they have been. It will surely crush pps. At least the company is showing its maturity by advising its shareholders of its situation. Most companies dilute shares either after hours or premarket and give shareholders zero warning. I admire DVAX for giving us the opportunity to make our own decision as to whether to hold or sell our position. Makes feel a little more confident that in the short term pps should climb.
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