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BP is waiting for PH2 results to be finalized
I think Crazy Eddie Antar died last year. Just a comment.
All your posts seem personal against Leo.
BP usually pays cash
My idea. Finish phase 2 for P, B-UP and B-OM. Assuming good results on all sell the company for cash plus shares of a new company that would hold the K asset plus all the other molecules we haven't worked on yet.
So BP gets the proven stuff. We get capital gains plus possible upside on new stuff + K. Of course the newco would be funded properly from the outset. I'm not a CPA so I don't know if this gets IRS approval
Agreed. We don't have the resources for phase 3. We have to make that first cash for sure
Absolutely. My guess if better than Otezla 2-3 billion at this point. Bring it thru phase 3 and if better than Otezla George's 10 billion might be possible
Sure they do. I have been told by people who work for BP they would rather wait. Even if it costs more. Look at their Balance Sheets. And further wait until repatriation. That will get the activity brewing
BP would rather pay up for something that has concluded then on speculation. They have plenty of cash
Aruda holding gives a vote of confidence from an insider who should know the value. If it was a scam he would have sold all he could as quickly as possible
An outside lender would want 18% plus stock options
Go CTIX!
This is still speculative. Based on the cash available. Science is good but anything can happen. Most of us have far more than we should.
A BP should make a public offer at $5 a share. How does management turn that down?
They didn't
Interim B-OM must be good otherwise he would wait. Maybe interim B-UP cohort 3
I can't see a partnership coming until after phase 2 is complete. Leo has always said he wants to maximize value. Unless a BP is taking a gamble
lol. They arent doctors
Incorrect. $30mm pays for 10 other trials. More productive. ABSSSI will have its day. BP will pay for that one
More bogus info. Not burning $2mm in 6 weeks
Sure. It's open to the public. Just has to file an 8K right away
IDK. He can only rehash what we know. Unless he just signed a deal on let's say B with milestones
He will not pursue ABSSI at this time. It takes too much money. Like $30 MM.
Possibly. I doubt anything new comes out. All the trials are on track. They have to play out.
For those who felt they missed an opportunity on the private placement. Here it is.
Where do you get millions on Rosen. Cash only for legal expenses. My guess maybe $100,000 if that. Paid Ashcroft with options
As price falls just bigger dilution. No bankruptcy
Bankruptcy occurs when liabilities exceed assets and you can't pay your bills. This company is not in that category. Cash is available.
He has not told me anything of a non public nature. If you have ever spoke to him he is very careful. You are correct. I think
"So overweight". Me also. I know that Leo could partner or sell right now for multiples of the current selling price. Leo is waiting for all phase 2 to complete in order to maximize value. He has enough cash. He also has many millions more available.
Who are the 3 large sellers? If you mean the private placement they are not selling
I know one personally for sure.
Some must think Leo is stupid. Wrong! The closing date of the fund raise was 3/31. Cash in Bank at end of quarter. Let's see when the financials come out. Money is far from gone
Leo has said BP wants to see certain things proven. That is the way the trials were structured. When he delivers BP will pay up. Not before. There is nothing being held back. Leo is just doing what he was told by the people with the money
CTIX has no debt and frugal management
Here is their plan. Partnership by end of 2017. Possibly 2. P and B
I doubt they would sell anything outright. Tax consequence is very high.
If and a big if, they got fat offers for both P and B I think they would sell the company. This is just my opinion
Best case to me is sell company and get stock in a newco that would hold K and the other early stage molecules
I would like stock on sale but I would guess cash