Right about the cap raise but surprised at the price of the new issue to BVF. I thought it would have been done closer to 10c. Having said that, I reckon the shares will trade closer to 10c before long as many existing shareholders won't get much of a look in in dollar terms with the retail offer - and in any event, does anyone know what they are going to blow the next lot of money on??? The company is essentially starting from scratch again and after the journey we have all been on, nobody sane would be prepared to roll the dice on another ten year voyage to oblivion. The CEO will probably move her family to the US and she'll work for Merck on a very fat salary muttering seeya later suckers under her breath.........no, there is no justice in this life!
