Replies to post #5535 on Sesen Bio Inc (SESN)

[MD3]

I'm waiting for my exit point as well. It's too risky at these levels. I don't have enough of a cushion to sit on. I'll eject and wait for a reentry once the dust clears. If they reprice it's going to be very devistating

[ElevenWall]

It would be nice if management would light the shadows a bit on the offering closing date. Interesting point on the offering, but is there a provision which would allow them to reprice? From what I see, the underwriters owe the company $1.3818 per share x 20,410,000 shares on the closing date - whichever date that may be - and then this thing is done, save for warrant exercises on another 20,410,000 shares.

Still seems like too much of a sweetheart deal for someone. Why not just do an ATM and let the SP find a more natural home?