Replies to post #1294 on Armata Pharmaceuticals, Inc. (ARMP)

[lesgetrich]

The Registration Statement simply makes the maximum number of shares available if Armata chooses to sell them. It may be simply a way to keep their options open and get the potential bad news out up front so it will be built into the pps. It could also mean they have one or more buyers lined up. We'll see. They currently have options outstanding at an exercise price of $8.32/share and warrants at $14.74/share. I would assume they still think those options and warrants will be exercisable.