Hopefully the large institutions like Tonaquint that own our debt (hopefully converted to preferred shares) will also participate in a capital raise after the RS. Speculation on my part but it is what we need to restart the engine. Our management is converting their preferred shares to common at the time of the RS. Probably to free up the 5 million preferred shares authorized in our capital structure for the holders (Tonaquint and others) of our debt. We need a clean balance sheet for the capital raise to occur. Management probably has a plan for maintaining momentum and interest in TPIV after the RS. They want the stock to go up too since they will own a lot of it on Feb. 17! Speculation on my part but I have seen this scenario play out at other biotechs. Don't mistake their lack of news since early Oct for a lack of activity. Many things have probably been going on behind the scenes.
I just went through an R/S with another penny stock. This one worked out extremely well and after an initial dip the stock has blasted off. Different sector/different situation. What you all need to know however is that at the time of the R/S all of your existing shares must be replaced with new shares. This takes about a week and you will not be able to trade until the new shares are received by your brokerage. I had to sit and watch an initial 10:1 increase in the value of my shares disappear with no ability to take profit. Bottom Line-If you hold through the split your hands will be tied for a week regardless of what happens to the pps.
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