Tilator, well all I can say is I was wrong. I formally admit it when I am.
The company just put out a free writing to go along with the prospectus. clearly, they are intending to dilute the entire amount and have no plan going forward and blew the deal for Rexista. That is probably why they want to settle the lawsuit to stop the legal fees. They can sign a deal with Purdue to pay a portion of profits because they know it wont get to market.
They clearly state they have nothing in the near term for 12 to 24 months. so with no money expected for that long they need to raise all this money.
In other words we longs are totally screwed. we will be back up to 10 million shares and will have a difficult time to break $3 anytime soon.
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