Lpath Inc. (Nasdaq: LPTN) will sell 2,366,000 shares of its common stock at a price to the public of $5 per share.
Lpath has had 2 public offerings diluting the company by over 35 percent since there last conference call. Last January there were about 9,000,000 shares, now there will be about 13,000,000. The CEO keeps promising good news around the corner. It will take a lot of good news to make up for all the bad news.
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