Sonny,
While I don't disagree with you per se, I believe MTSL will raise their numbers when IMGN gives them something to base their price on. To date, they've pretty much known what was going to happen, and it's happened, new partnerships and Analysts coverage. What's happening now wasn't forecast, a major stock offering, and they don't know precisely what will be presented by Dr. Tolcher and company. I believe when the presentation and offering have been concluded, depending on how they're received, MTSL will raise their numbers substantially.
The next MTSL should be out the Friday after the Annual Meeting. If information posted on R.B. is correct, that's the same week the offering will be made. If IMGN's price does not falter, I believe that would be a reasonable time for establishing new prices. I know some will say this sounds like hype, but I wouldn't be surprised if the buy under price comes up to $75 and the target goes to $150, JMHO.
Gary |
