Replies to post #228363 on Biotech Values

[vinmantoo]

Wow, Thats great, they spend it wisely.

Yes it is. I believe that stock offering raised about 3x more cash than TRIL had on hand.

[linhdtu]

I don't understand why TRIL open mkt price is higher than dilution price?
My own explanation would be that offering price is only available to tutes, that is why IBs get paid. To peddle to institutions, not selling on open mkt

otoh, mr retail,shut out as usual to refinancing, thinks that tril with more financial runway and great trial results to be announced in the future, is willing to pay a premium.

or the whole thing can be explained by momentum day traders.

this is not specific to tril. i have seen the same mkt reaction happened to many former garbage bin dwellers too.