Replies to post #59 on TRACON Pharmaceuticals Inc (TCON)

[onkelhubert]

Correction: Linden Capital L.P. is a new filer and did not increase the stake

[DewDiligence]

Everyone knew TCON needed cash and they raised cash, so that part of the recent news flow is not worth commenting on further.

We knew that some institutional investors bought shares in the recent private placement, so the 13G filing is also not unexpected.

The one unexplained recent item in the recent news flow is that NEA changed its filing status from 13G to 13D, which could be consequential, depending on what NEA ends up proposing.

[DewDiligence]

On second thought, I do have an idea of what NEA is trying to accomplish:

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