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corpstrat

09/04/08 9:36 PM

#5275 RE: exwannabe #5273

The stock's been at a horrible price since last November. If he'd raised cash in mid-07 it would have been better, but could substantial de-risking have been predicted to have no positive effect on pps (despite the financing whack that you point out should be obvious in this game)?

It's quite true that financings come at the expense of holders. Timing one's entry around such land mines is indeed worth some effort.

y3maxx

09/05/08 9:23 AM

#5277 RE: exwannabe #5273

""But they (mgmnt) clearly miss the point that the price per share will drop until financing, "de-risking" be dammed. Unless they have an wild card tucked up their sleave, it's a case of better early than late.

Every time I have made a bad entry point decision in a biotech, it was directly because of a subsequent financing that took a 30% or so hair-cut.

I have nothing bad at all to say about RPRX, but I will NOT buy until after they get some cash.""


...Great point Ex, if there is ever a next time for me I will heed your lead.

I heard there would be no shorting going into the refinancing.

...So either, there is no honour amongst thieves or we have rogue shorters.

OT: Tomorrow nights UFC, mixed martial arts fight night has some great matches....I like Rashad Evans in the main event.