Replies to post #5808 on Sesen Bio Inc (SESN)

[proffetti]

The PR depicts a method for dilution only. They probably won't need it until after the BLA is filed. That's the way I interpret it.

[jimmy667]

What is apparent to me is BOD does care one bit for the common shareholders and are looting the Company for benefit of the Warrant holders. Cutting the exercise price of the warrants in half from $1.20 to 60 cents when the stock was trading in the $1.40s and the warrant holders were already in the money. This stinks to high heaven.I will never invest in any company that would pull a stunt like this. It was bad enough when they raised money last time when they said they had enough. Now I feel that equity raise was just another way to loot the common share holders.