This raising is smart move by MSB and you’ll quickly see the...

This raising is smart move by MSB and you’ll quickly see the price go higher. $100 mill is not highly dilutive and is pitched at a price about where it was pre Covid. Because of the potential for positive Covid announcements the upside is substantial with downside locked in by other programs. The fact that the equivalent of over 100 million shares were traded in the US a week ago shows that there is a huge appetite for a company that has a Covid solution and if the Company doesn’t feed the investors while there is anticipation they will look for the next opportunity. The other benefit is that when with the funds already marked for other programs they would’ve been pretty stretched next year anyway. This raising puts them in a stronger position to go it alone or if a partner is considered preferable they will be in a better financial position to negotiate from.
People who were hoping to get cheap stock or short sellers who may have anticipated a cap raise will be disappointed and any weakness (if any) will be shortlived
.