CYTX
Lo más preocupante no es la dilución en sí, es el motivo de ella: pagar deuda y refinanciarla. Situación financiera muy mala. Yo no la tocaba ni con un palo (salvo intradías y poco más):
As of March 31, 2015, we had cash and cash equivalents of approximately $13.2 million and debt principal of approximately $25.0 million. Upon completing the offering, the company will have raised $25.7 million in net cash proceeds since March 31, 2015 from the issuance of shares under its ATM program, warrant exercises, and the net proceeds from the Initial Closing of this transaction. Following the Initial Closing, we intend to use a portion of the proceeds to refinance our existing debt to provide that our outstanding debt under our Loan Agreement does not exceed $18.0 million. The Company also intends to use the net proceeds of the offering for general corporate purposes, including working capital, capital expenditures, research and development and debt service.