they must think a cap raise is coming. the question is: why?
Only thing I can think of is that they are betting that the cash inflow from Ryoncil is less than the ensuing additional expense from amortizing Debt facilities outstanding. OR they think that they are just going to pay out/down debts significantly but will need cash for working capital/going concern purposes....
time will tell. Maybe they have it all wrong, but history tells the story of who is typically right or wrong. A good amount of them can afford to be "wrong" too and be hedged accordingly. I've got my foot half in the "they have it wrong" camp, but in true Mesoblast fashion: we don't have all the details.
MSB Price at posting:
$1.61 Sentiment: Buy Disclosure: Held
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