Alysha HEGN did not simply GET 70 million Accord
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Posted On: 06/04/2020 9:40:25 AM
Alysha
HEGN did not simply GET 70 million
According to the press release, it was a private placement equity raise so the current shareholders were diluted and based on their market cap,I would suspect it was a large dilution although I did not find the terms.
If you look at their financials it looks like they were very on cash.
My thought on HEGN, they just went through major dilution and you should see if their clinical trial results warrant it.
IMO
HEGN did not simply GET 70 million
According to the press release, it was a private placement equity raise so the current shareholders were diluted and based on their market cap,I would suspect it was a large dilution although I did not find the terms.
If you look at their financials it looks like they were very on cash.
My thought on HEGN, they just went through major dilution and you should see if their clinical trial results warrant it.
IMO
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