Replies to post #506 on Somaxon Pharmaceuticals, Inc. (SOMX)

[cyclone101]

not a bad way to raise capital imho

The company said in a regulatory filing it expects the sale to raise between $30.5 million and $35.2 million in the stock sale, based on the assumed price of $8.25 per share, its closing price on Friday.

better than just diluting the common shares -- could be trying to keep it under control for any potential 'buy-out' in the future