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Monday, April 18, 2016 10:27:37 PM
Second, what have the hundreds of millions of dollars been used for over the past few years if not for ramping up manufacturing? According to the SEC filings I have reviewed, nearly every capital raise in recent history has been in part for the "manufacturing ramp up" in preparation for commercialization. You make it sound as if they are just now embarking on scaling up. With all of the money raised, specifically in 2014 and 2015, manufacturing should already be built out for the most part. It's not like they had to fund a large Phase 2 trial for Direct during this time. Their capacity should at least be ready to handle the necessary demand for the mesenchymal population. A larger capacity for combination therapy is several clinical trials and years away at the earliest.
It appears you are trying very hard to prepare folks for imminent dilution and trying to smooth it over as expected and necessary. Are you affiliated with NWBO?
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