On the topic of $PROG Dilution...
I find it EXTREMELY unlikely that $PROG will announce an offering, even at these prices, before they or their biopharma partner announce the terms of their partnership, as both parties know it will cause a jump in value.
I find it EXTREMELY unlikely that $PROG will announce an offering, even at these prices, before they or their biopharma partner announce the terms of their partnership, as both parties know it will cause a jump in value.
Even if a dilution comes, there is only 13m shares available to offer, and Athyrium has been scooping up every single offering that wasn't direct to market.
There aren't enough shares available to do any real damage & the offering would be bought within 3 days at this volume.
There aren't enough shares available to do any real damage & the offering would be bought within 3 days at this volume.
Suffice to say, I'm not even remotely worried about dilution. Even if it happens, I'll just set limit buys and get more shares at a discount.
It won't be enough to destroy a squeeze if retail simply holds and buys.
At worst, or would just delay it. I'm
It won't be enough to destroy a squeeze if retail simply holds and buys.
At worst, or would just delay it. I'm
And since it's an unlikely scenario with a negligible effect on my strategy, I'm not even gonna worry about it.
The company is about to land a partnership that will send its market cap skyrocketing in a matter of days or weeks.
Why would I care about dilution?
The company is about to land a partnership that will send its market cap skyrocketing in a matter of days or weeks.
Why would I care about dilution?
I'm in this for the long term anyway. The squeeze is just icing on the cake of my long term retirement plan.
As I said from the beginning... patience is 🔑
As I said from the beginning... patience is 🔑
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