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Thursday, December 03, 2015 10:35:55 AM
I've said many times that in all my years of investing in emerging biotechs, I have never seen a better risk/reward scenario.
I now want to add that in all my years of investing in emerging biotechs, I have never seen a more frugal and fiscally responsible corporation.
I believe they still have a few millions $ on their ATM, however they have always been very frugal with it's use - and all raises have to date been at above $3.20... I believe they will continue that tradition and only sell shares if there's a pop above that, if not I believe that, as in the past, the Odidi's will probably fund it for a million $ or so at a reasonable % rate.
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