LC,
Totally agree with you here, quite some time ago, there was a lot of concern about dilution and now it is the SP in the US possibly being a deterent.
Dendreons total shares on issue in 2005 was 80 000 000, with a request for an increase to 160 000 000 in April 2005.
http://www.wikinvest.com/stock/Dendreon_(DNDN)/Increase_Authorized_Shares_Common_Stock
With 80 000 000 shares as at 30 March 2005 I believe the SP closed at $4.45
See chart:
http://www.dailyfinance.com/charts/dendreon-corporation/dndn/nas
So with a 30:1 ratio reflecting a 25m share register from a US perspective PRR should appear attractive in the US.
Regards
dc
oh the enthusiasm, page-33
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