why mesoblast will drop substantially , page-31

"Who knows it could be 40c but with the same market cap, the financial management track record of MSB rates 0-10, science 10-10"

And the problem is that soon the vicious cycle starts to take effect, namely:

The lower the share price gets the more costly it becomes to issue new equity.
And the more difficult it becomes to issue new equity, the lower the share price goes.
And the lower the share price gets the more costly it becomes to issue new equity.
And the more difficult it becomes to issue new equity, the lower the share price goes.
And the lower the share price gets the more costly....etc. etc


I suspect some people don't realise just how serious this latest development is.


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