Replies to post #23182 on BioSante Pharmaceuticals, Inc. (BPAX)

[Dr PeteRose MLB]

What do you think the r/s will be? 1-2 would be enough to cover the merger wouldn't it but I'm sure they will go the max.

[Winalov]

Prof.I agree with you on principal, what about 36M for LibiG efficacy studies?

[macerimmer]

Agreed (those shares will not be touched in merger). We will get an R/S on merger (merger=dilution). Then the shelf shares will be sold later (or immediately if the market likes the merger); which equates to further dilution. Why only bang us once when they can get a twofer?