Not sure why people are cheering from all sides this morning off the back of this announcement ..... I think it is pathetic because it means -
1. On the back of the FDA AA announcement the company couldn't even sell these shares at a premium; and
2. On the back of the recent share price rise the company couldn't even sell these shares at a premium; and
3. There is no partnership deal even remotely close or they would have taken up this overhang of shares at a premium.
not much to cheer about IMO accept we have a few more dollars in the bank ..... perhaps as @Pledge has been saying, they sold the shares to their mates ..... probably easy to do on the back of the FDA announcement and the share price rise recently
Ann: Mesoblast Completes Placement and Entitlement Offer, page-18
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