Feb. 3 at 9:13 PM
$LXRX Loving the really strong close today with volume along with Monday’s strong action. So, congrats to all who bought last Friday, Monday or even earlier today although those who bought as it bounced off the 50 Day Moving Average Friday around
$1.10 to
$1.12 are up nearly 15% on those shares and we mostly keep our ownership percentage from the ~18% dilution with the secondary offering.
I was banking on the underwriters wanting their customers buying this secondary to be underwater by much so figured this would get to at least
$1.25 somewhat quickly. Besides, it was a huge vote of confidence that the majority owner and insider participated and bought half the offering as they know what is really happening.
For reference, the
$1.30 secondary offering price is 23.5% below the
$1.70 higher close on January 27th.
