Yes.
Like I pointed out before, If we were left with a Secondary Offering, the share price would have really stayed under the offering price ( at least for a while ). Not that the current share price is "GREAT", but $1.06 beats .88 any day on my book.
Now we are left with bigger Institutional Ownership. At the very least Sarissa has not sold any shares - yet.
Now I really expect Aspire to file a 13G. I haven't done the final math - in regards to how the Institutional holdings look after this last direct offering. It should look pretty good.
Aspire should hold 2,556,819 just from this recent Direct Offering that was done at .88. Plus 1,278,409 in warrants.
On the - not so bright side - we now should have about 61,778,121 shares Outstanding.
It means that if Aspire Capital still held on to the 2,267,000 shares that it originally bought, it should have 4,823,819 shares of Apricus. Good for our Second largest Institutional holder at 7.8% of the shares outstanding ( not including any warrants ).
Sarissa Capital, our #1 Institutional holder, should now have a total of 14,479,052 ( not including a TON of warrants that it holds ) and it's good enough for 23.4% of the shares outstanding!
As you can see by the figures I have compiled above, as much as we can all hate the deal, these two Institutions alone now own over 31% of the shares outstanding ( as long as Aspire held to the original 2,267,000 ).
I hope that now that these guys now have the best seats in the joint - they let the show begin!! Bring in the Fispemifene results, the Vitaros unit sales information, Vitaros NDA resubmission, Vitaros room temperature deivice and Year end Results - on top of more Vitaros launches, Vitaros Sales Milestones and why not.. Bring in the Manipulation. This time to the upside!!
Let the show BEGIN!! |
