Replies to post #149432 on Biotech Values

[dav1234]

i picked up a few PATH ( avg 2.75ish),looks good for a trade at least.

[DewDiligence]

Have not been on this board lately as toooooo much time has been wasted on PPHM. And it is still going on.

I finally saw a reasonable post from one of the fervent PPHM bulls: #msg-79961906.

:- )

[petermic]

Jim:

Chiming in on PATH. Did you not see the financing news yesterday?

Distilling it down, the company sold 14 million shares for $28 million, and also issued an additional 14 million warrants exercisable at $2.00.

So that amounts to 28 million new shares at $2.00.

As of August 18, company had 14.8mm shares outstanding. So they just sold 2/3 of the company for $2.00 per share. When these shares are registered it will be a heavy weight on PATH's share price.

Peter