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Henry McCusker
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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
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Scimitar Equity-Regenerative Medicine Investors
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Scimitar Equity Blog
  • Aastrom (ASTM) Files 15 M Share Offering 0 comments
    Jul 25, 2013 9:31 AM

    The last nights reported price was $0.37 per share with possible $12 - 13 M in proceeds

    Outstanding shares were 45.66 M and there will be 85.1 M post offering.

    The underwriter will now be Aegis Capital

    The Bottom Line: Finally, a lower share volume <25 M to 15 M> and a much lower pricing. JMP was dropped for Aegis for the offering.

    ASTM closed at $0.37. Expect this puppy to drop like a stone! How quickly can an over-night be priced (?) in a dropping market and at what price? My next question is ... "why put rouge on this ... blushing pig"!

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

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