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Started By
Message
re: AUPH - Aurinia Pharmaceuticals [CEO FIRED!]
Posted on 11/23/21 at 12:18 pm to Crescent Connection
Posted on 11/23/21 at 12:18 pm to Crescent Connection
quote:
I still go back to PG’s comments “read between the lines.” That’s the only thing keeping me calm at this time.
This has really tempted me to add some more shares now that it is around $19.
Posted on 11/23/21 at 12:23 pm to CorkRockingham
quote:They can sell up to 250 million dollars worth of new shares to Cantor on the open market whenever they want to.
What is the ATM with that financial services company? Like explain what that is and why?
So about 12.5 million new shares at $20 or roughly 6% more dilution.
IF they feel the need to do so...
Posted on 11/23/21 at 12:40 pm to bayoubengals88
What does Cantor do for them? Why would auph be incentivized to do so.
Posted on 11/23/21 at 12:46 pm to CorkRockingham
quote:I'm sorry. Cantor is just the sales agent. Apparently they are the leader in this field.
What does Cantor do for them? Why would auph be incentivized to do so.
LINK
AUPH would want to do this because it's a straight up cash raise. But, as mentioned, they don't need the cash.
The whole things stinks honestly, but it could have been necessary in negotiations.
This post was edited on 11/23/21 at 12:57 pm
Posted on 11/23/21 at 12:57 pm to bayoubengals88
quote:
They can sell up to 250 million dollars worth of new shares to Cantor on the open market whenever they want to.
So about 12.5 million new shares at $20 or roughly 6% more dilution.
IF they feel the need to do so.
This management has done this in the past without exercising the options. The management doesn't have an incentive to dilute the value of their own stock and the company has the cash to continue without dilution.
At this point I don't see any indication that they will need the money or have an incentive to reduce their own position value
Posted on 11/23/21 at 12:58 pm to bayoubengals88
Does it get disclosed publicly if they actually sell shares through the ATM?
Posted on 11/23/21 at 1:06 pm to jmcwhrter
quote:Yes, but not until the quarterly report from what I've read.
Does it get disclosed publicly if they actually sell shares through the ATM?
Posted on 11/23/21 at 1:11 pm to bayoubengals88
Wish I could talk to Peter lol. Ask that baw what’s going on.
Posted on 11/23/21 at 1:19 pm to CorkRockingham
quote:
Wish I could talk to Peter lol. Ask that baw what’s going on.
Peter:

Posted on 11/23/21 at 3:45 pm to jmcwhrter
AUPH halted after hours on Schwab. News?
Posted on 11/23/21 at 3:53 pm to Rendevoustavern
how does shite like this happen 
Posted on 11/23/21 at 3:54 pm to jmcwhrter
If I’m reading it correctly, looks like over 700k shares traded AH, which is very unusual for AUPH.
Posted on 11/23/21 at 4:23 pm to Rendevoustavern
Baw the knife already in and now you gonna twist it?
Posted on 11/23/21 at 6:23 pm to Crescent Connection
quote:495k according to Nasdaq as of a few minutes ago, which is still a lot.
If I’m reading it correctly, looks like over 700k shares traded AH, which is very unusual for AUPH.
What's a few more weeks or months. I still think negotiations are on.
Posted on 11/29/21 at 11:19 am to bayoubengals88
What in the frick is going on.
Lower than pre buyout levels
Lower than pre buyout levels
Posted on 11/29/21 at 12:13 pm to jimjackandjose
all the quick flippers and new guys hoping for fast gains in a buyout have bailed.. All that's left are long term holders and the MM's that have bobbed this thing around 10-20% at a time for the last year
Posted on 11/29/21 at 8:26 pm to jmcwhrter
I’m still here and heavily underwater. I’m not leaving unless A2 data is bad.
Posted on 11/29/21 at 8:41 pm to CorkRockingham
Wont be worth anything if A2 data is bad
Posted on 11/29/21 at 9:20 pm to jimjackandjose
From what I remember of the days discussion so far it's been positive though right?
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