Replies to post #24863 on BioSante Pharmaceuticals, Inc. (BPAX)

[lurazh]

Jadite, I am in the same situation as you are, being a CEGE investor. I am loosing quite a lot as I mentioned before. However, I think if we get this merger to go through, I can kiss the rest of my money goodbye.

The management can bring the pps up just like they brought it down over the course of a year and a half. No RS would be necessary. It is time for the management to start playing a fair game.
I voted no on all 5 and not changing my vote.
We won this one, so who knows, we may win the next round again.

[Winalov]

Jadite, remember, 1:4 R/S will put total OS at about 6M.

New Mgmt will burn new cash in no time, we know that.
Guess what next step is goin to be? Dilution..... As always they will play with SH minds. They will find dozens of different "great" reasons to justify Issuing of what?.... 6, 7, 8 Millions of new shares....off course for the best of SH!!!!!!

So R/S will cut your position then new shares will possible dilute value of SH positions by half.
And frankly I don't buy this theoretical argument that RS doesn't dilute. Look BPAX history of two RS.