You guys all understand how dilution and market-capitalization is correlated, correct?
I apologize very much if you do - just had to ask because a lot of foolish people who think they know the stock market, do not.
I'm sure a lot of people who own Ariad are saying to themselves, "It's only $3.70!!!" yet, with each dilution, the market capitalization goes up, if the stock remains the same.
Essentially, at 70 million shares (where we were 18 months ago, i believe), and a $460 million mkt cap (where we are today), ARIA stock would be ~$6.50. Today, at $460 million mkt cap, the diluted mess is $3.68.
These dilutions hurt any way you cut it. If Bernanke's pump and dump implodes, values of biotech are going to get killed. And it won't bode well for a diluted pig like this.