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Adult Stem Cell News and Developments other than Cytori
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TOPIC: ATHX - Public Offering Of Shares

ATHX - Public Offering Of Shares 26 Jan 2017 15:40 #8647

  • rodney.strongg
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What a disgrace with a current after-market price of 1.13, down from a close of 1.52 - maybe WST should sell ATHX and move back into CYTX - LOL!

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ATHX - Public Offering Of Shares 26 Jan 2017 16:12 #8648

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Are you saying CYTX has had a better history of raising money ?

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ATHX - Public Offering Of Shares 26 Jan 2017 16:58 #8649

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As a follow-up to my earlier post, I almost have to believe that Gil at ATHX cannot be this foolish, and that there is likely some good news to follow that would raise the share price to a respectable number particularly when there is no dire need to be issuing stock.

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ATHX - Public Offering Of Shares 26 Jan 2017 18:14 #8650

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Yes it always ugly to raise cash but least Athersys will get it over with in a single transaction WITHOUT issuing any warrants in this case. Plus they did it through William Blair and should get new research coverage. Cytori, on the other hand has a long way to go with Lincoln Park.

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ATHX - Public Offering Of Shares 26 Jan 2017 19:02 #8651

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WST, if Gil doesn't come up with some good news to get the stock price a lot higher before the offering, his credibility will be finished - and yours will not be so good either after all those glowing articles on ATHX.

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ATHX - Public Offering Of Shares 26 Jan 2017 19:39 #8652

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Biotech stocks can very volatile.

Is ATHX undergoing what CYTX had gone through in the past 3 years? Maybe and maybe not - one is for sure: stroke clinical data will not be harvested in the near future and the company may need more money still.

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ATHX - Public Offering Of Shares 27 Jan 2017 08:43 #8653

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As an update to my last post, ATHX announced that it plans to issue 19.8 million shares at $1.01 per share on 2/1/17 - they are not waiting for any positive news to bolster the stock price before issuance, and without the immediate need for funds, it doesn't look like the CEO can be acting more rashly and inconsiderate of current s/h's - sound familiar!

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ATHX - Public Offering Of Shares 27 Jan 2017 10:24 #8656

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but least Athersys will get it over with in a single transaction WITHOUT issuing any warrants in this case.

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Thanks WST,

But a 50% hair cut with no short term catalysts is dismal. I can't catch a break with these stem cell companies. I feel like a total asshole today. Would like to see some gains. Just once...

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ATHX - Public Offering Of Shares 27 Jan 2017 10:34 #8657

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FB, the ATHX issuance is a total disgrace - funds are not immediately needed, and to sell at $1.01 at this time makes absolutely no sense - shame on Gil!
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ATHX - Public Offering Of Shares 27 Jan 2017 13:06 #8660

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I believe you are 100% wrong RS !
ATHX PPS has been drifting down since its March 2016 peak. The CEO knows he will need money at some point. Maybe he should have started this a few months back but he is getting the funds and as WST has tried to point out WITHOUT warrants.
Under your scenario they would have followed the CYTX method and waited until nearly broke and the PPS even lower before the process even begins. A proven method for failure.

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ATHX - Public Offering Of Shares 27 Jan 2017 13:18 #8662

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No HF, you are 100% wrong! Try not to be an expert in a stock that you don't even own. I know that it will be hard for you, but give it a real hard try. LOL.

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ATHX - Public Offering Of Shares 27 Jan 2017 17:26 #8670

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You're absolutley 100% correct Hedge. I spoke to Gil today and believe me he was not happy selling $20,000,000 at $1.01 per share. He used the word "sucks". He did get it done without warrants and its not like the U/W didn't ask for them. Remember when CYTORI issued shares/ warrants with a repricing mechanism for a better deal if subsequent pricing was better? Some people just don't understand. Investors are down on cell therapy stocks and until there is a big win capital markets aren't going to make capital raising easy. Athersys has raised $25 million in non dilutive capital just for Japan stroke and a fully financed pivotal stroke trial should commence any day.

seekingalpha.com/article/4005856-systems-go-athersys-pivotal-stem-cell-stroke-trial-japan-exploring-scientific-

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ATHX - Public Offering Of Shares 27 Jan 2017 17:28 #8671

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I don't like it either FB but I understand why they felt they had to do it.
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ATHX - Public Offering Of Shares 27 Jan 2017 20:39 #8673

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WST, so why did Gil in early Dec. basically say that a public raise would only be an option of last resort (as opposed to partnering and other funding opportunities) and inferred that it would be an unlikely event?

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ATHX - Public Offering Of Shares 30 Jan 2017 11:24 #8691

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WST,

Its a done deal now. We will have to wait and see if the share price can overcome it and drift higher. Without a significant "breakthrough" in the development of regenemed these companies will continue to languish. My son in law who is an investment banker believes that if we have the "re-patriation" of funds held overseas we may see a rise in the possibility of large drug companies investing in new technology. But they are not stupid and you have to have a compelling argument for the efficacy of your technology to have any chance of being targeted as an investment opportunity. It is hard to be patient when there is so much at stake. Not a game for the faint of heart I am afraid.

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ATHX - Public Offering Of Shares 30 Jan 2017 20:41 #8702

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See today's SA Article on ATHX written by A. Carradinha criticizing the stupidity of the current public offering at 1.01 per share! Great to see honesty (Nes pa WST?)

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