Replies to post #3505 on Fibrocell Science Inc (FCSC)

[DewDiligence]

…for the two months prior to this drop below a $1 it traded in a fairly consistent range of $1.10-$1.40.

It’s only because of heavy pumping on iHub that the stock reached the upper end of that range. FCSC doesn’t deserve to be trading as high as $1.40 and, in all likelihood, it will never see that level again.

[nsomniyak]

we probably have seen very little WARRANT conversion. The preferreds have been called for conversion, but the warrants have not been called yet.

There will be another round of downward pressure when the warrants are called (assuming FCSC trades at 1.25 for 20 days to activate that call feature). I would not be surprised to see FCSC try to do the required next financing with the same folks as before, possibly structuring it in a way that rolled the old warrants into new ones at a higher price (in return for more buyer-friendly terms on some other part of the deal).