BCLI has embarked on a new path of late:
1. The Company extinguished an overhang of warrants at a cost of $600,000, more or less.
2. It was announced that an uplisting to a major exchange was/is in the works. I'm assuming application has already been made.
3. Ongoing clinicals including two sites in Boston plus the Mayo Clinic in Minnesota appear to be pointing to unheard of efficacy.
4. The number of cohorts is being expanded.
5. When news of the uplisting surfaced, I determined that the only way this could occur would be if the company arranged for a reverse split. I'm thinking something along the lines of 1:10 meaning one new share to be awarded for ten old ones. The numbers of old shares to fit any useful equation must allow for an absolute minimum of a resultant share price in the neighborhood of $5 or be locked out of consideration by institutional traders. Thus a one-for-ten at 40 cents gets us nowhere. Or does it?
Today's news makes it amply clear that the company believes its novel approach will indeed be operating on a massive manufacturing scale. That tells me there's got to be conclusive evidence to support the collaboration with the Canadian firm disclosed today. There are massive costs involved in designing approaches towards delivery systems---there's all sorts of programming needs, labs meeting sterility requirements, measuring devices that will create and monitor dosage requirements. And let's not forget the workforce, newly trained in highly specialized techniques specific to the approach at hand. Then, there's marketing, sales staffing, med journal presentations, interviews and, of course---proved clinical efficacies that are fully documented and presented in the usual medical journals.
I'm convinced that no company would dare even dream of embarking on such program development without assurances galore. There's got to be something here that we don't know about, something so big and so convincing that the company would be willing and eager to commit to a path the likes of which had never even considered.
My prediction is that shares will very soon be rising to the 70 cent range. Ten of these shares will get us safely above the $5 threshold. And this should explain the reason for the extinguishment of all those warrants.
Whereas I'd formerly held 20,000 shares, I added 10,000 more on today's news for I'm now convinced there's far more going on behind the scenes than we've been privy to, thus far. It's not often we get to participate in what may well become an outstanding humanitarian triumph. I very much want to be part of this opportunity.
These are my conclusions alone. I may be misjudging things and certainly don't want anybody to be damaged by my considerations. So please decide for yourselves where you stand with BCLI.
I wish all of us the best of good fortune!
