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Replies to #84943 on Biotech Values
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jbog

10/12/09 10:36 PM

#84979 RE: wallstarb #84943

Wallstarb,

What would you think the ramification of 4.6 million new shares have on Mnta's price?

Initially the cash ($46 mil) should balance out with the increased number of shares but because Momenta has no cash flow that "extra" $46 million will vanish within 7 to 8 eight months. Sadly, the shares won't vanish.

Momenta's market cap currently stands at $414 mil which isn't exactly chump change.