Seeking Alpha

Sunshine Heart prices offering, shares fall

  • Sunshine Heart (SSH -3.7%) slips after pricing a 3.8M share offering at $10.50, some 8% below Wednesday's close. (PR)
Comments (3)
  • coolhand79
    , contributor
    Comments (195) | Send Message
     
    Unfortunately that's a 30% dilution of the shares outstanding, but $10.50 is a very attractive price so I'm expecting a lot of buyers. I'm long. If it hits $9.50 / $10.00 I'm adding to my position.
    19 Sep 2013, 12:30 PM Reply Like
  • bpork
    , contributor
    Comments (45) | Send Message
     
    I'm long SSH - I agree that I'd add on a dip too. I love the potential, and they need money for their trials.
    19 Sep 2013, 03:19 PM Reply Like
  • CEO
    , contributor
    Comments (79) | Send Message
     
    In their last quarterly conference call ( a couple of weeks ago) they stated they had enough money to last through all of 2014. Why now?
    19 Sep 2013, 05:26 PM Reply Like
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