Wednesday, September 27, 2017 11:00:26 PM
Assume we have 30 million shares, at $5.50. That's $165 million market cap. If they need $150 million and they dilute, that's a little over $2 dollars per share with dilution. If they were to use debt, that's a ton of debt and they'd be in danger of bankruptcy. You seriously see an alternative?
They didn't expect idiots to be selling off after reducing the staff to save $6 MILLION a year (that's $6 million you're not getting from anywhere else), still keeping GEN-003 for partnership (still looking for a partner), AND working on oncology pipeline in the mean time. That's great news, not bad news. It's like giving a 2 year old a $100 bill and they'd rather choose candy and cry why they didn't get candy.
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM