I agree with that as well that they would only be doing it for the Zimmer connection.
The 75mil kind of jumped at me. Isn’t that quite a bit more than previous shelf offerings they have done?
In my opinion they would have to jack the share price quite a bit higher to start any kind of raise. At $3, if they did the whole thing (which I know they won’t), that would double the OS. So I would see them stepping it up and doing offerings along the way like the recent offerings. Drop good news immediately followed by DO.
This would throw shareholders small bones, but once again not allow us the the return we have been waiting for.
Once the big payout finally comes, I worry how diluted the PPS will be.
One another note, 3rd quarter just ended. Shouldn’t we finally gain visibility into the last direct offerings? That may be telling.
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