Henry McCusker's  Instablog

Henry McCusker
Send Message
Analyst, Journalist and Publisher ... Henry enters his tenth (10) year at Scimitar Equity -Regenerative Medicine Investors which aggregates, curates and creates bottom-line content weeding of regenerative medicine and cell therapy news to provide a customized, vetted selection of relevant and... More
My company:
Scimitar Equity-Regenerative Medicine Investors
My blog:
Scimitar Equity Blog
  • Aastrom (ASTM) Files S-1 For A Full Marketed Follow-on With No Warrants 0 comments
    Apr 29, 2013 8:50 AM

    With JPM on the cover - so far

    The "proposed" maximum aggregate offering is 25 M shares

    Prospectus can be accessed: http://investors.aastrom.com/secfiling.cfm?filingID=1104659-13-33806&CIK=887359. ASTM had $13.68 M as of 12/31/12.

    The Bottom Line: They need the cash, the market is what it is ... hopefully the "force will be with them". Many will "balk" at the pricing and the dilution - but only the public markets could offer a redemption if milestones are defined and met. More to follow as "it" events unfold.

    ASTM closed at $0.69 on Friday, 5/26/13 and is DOWN -$0.04 or -5.62% to $0.65 in the pre-open market. Expect a 10 - 15% drop in the pricing pre-event.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Henry McCusker's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • ImmunoCellular (OTC BB: IMUC) files to Sell $13.8M of Units via Cowen
    Nov 30, 2011
  • Mid-Day Movers: BioTime (AMEX: BTX), Cytori (CYTX), Geron (GERN), Neuralstem (AMEX: CUR), ReNeuron (RENE.LON), ThermoGenesis (KOOL)
    Oct 26, 2011
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.