RE: come to a stand still3 Sep 2020 17:23
Y-Alam, your comment, "But let's look at this....let's say they actually had no intention of raising funds....let's say the institution approached Tils and asked for a stake but did not want to buy at current price. Worth thinking about.", seems to get to the nub of my thinking too. Very well put.
The US placing wasn't taken up by US PI's, who may have mistaken the ADS split. PME's were going off everywhere that mad day, with no-one knowing exactly what was causing it (couldn't just be FOMO).
Until then, the BoD's objective appeared to be to clear the ATM in the best way possible to preserve the share price. Then, BOOOOOMMMM !!!! A major placing at a top price.
Could this have been an unexpected opportunity, which they felt they couldn't turn down (help them reach major milestones without cashflow fears / negotiate best terms on any potential NDAs, including StemPrintER)?
It feels like we're missing part of the story. Only time will tell.
Unless, I, you and many others on this board are wrong.
It won't be long to find out, I'm sure, either way.
GLA