Over 3 weeks since the Halt , only 1/2 of Ann, SP heading further South, SI ??????, page-132

It means they're looking at doing an ATM (at the market) equity facility - in other words they print shares and sell them on market. Any idea if that will make the share price go up or down?

@hottuna,

Most posters here have never even heard of ATM equity issuance (why, I'll wager that many interpreted "ATM" as the place where they draw their cash... and I'm serious on this!)

In fact someone here even claimed it was a sort of "fund" that the CEO gets to draw cash from whenever he needs it (heaven knows who it is that so kindly keeps this magic pudding "fund" topped up.)

As I had posted some days back, if they want to raise just $50m for the CHF trial (and who even knows if that's enough?) the would have to be standing in the market every single day for a year and doing over one-quarter of the selling.

Yes, every single day MSB's broker would have a sell order that said, "No matter what the price, we need to be doing 25% of the selling."

Every single day.

But of course, because you are dealing at daily VWAP, technically, it isn't "dilutive".
Highly value destructive, undoubtedly, but "dilutive"? Of course not!

Corporate Samantics: One
Shareholder Value: Nil