Nastech raises $7.9M in stock sale; shares dive 35 percent

Full story: Puget Sound Business Journal

Puget Sound Business Journal Nastech Pharmaceutical Company Inc. said it raised $7.9 million by selling 4.6 million shares of its stock at $1.73 per share.

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Jimmy Turano

Brooklyn, NY

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#1
May 5, 2008
 
5/5-Nstk-Dilution extreme+over sold.
Earnings report-May8-Higher than expected loss
expected. The future looks Bleak as I've stated 9 months ago and continue to stress this again.
This is a direct result of Management effectiveness
to spend like a sailor on leave, including pay raises and giving themselves bonus options when they sell new issuances of stock.
Greed leaves the shareholders in the dust every time. Anyone still invested or buying NSTK is doing so blind folded. Good luck!

Since: May 08

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#2
May 8, 2008
 
May8-NSTK-Today is conference call day. What does it mean, I believe absolutely nothing. Why? Because after 14 conference calls to date, divorces from three partners, management selling the most shares in 2007, and the stock price being $1.25 now as opposed to $18 dollars, today's conference call is useless. Management always wins and shareholders suffer the financial loss. Hope or Hopelessness?

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