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Thursday, September 07, 2017 3:49:16 PM
But let me tell you this. FDA approval is not a requirement for the treatment to sell in the billions. What's important is the results we are seeing from the labs and the 8 EU hospitals doing the actual treatment.
What's important is how likely FDA will ok this and the planned trial results. Now, Chemosat isn't that new, it's been around for years and they even improved it with the second generation filters to reduce side effects.
Although only practiced in EU and in clinical in US. But, that's already more than enough data for a suitor to make an well informed decision.
If they accept an offer now, it's not going to close for some time and it is entirely possible they ask for an RS after the offer and then ask to be granted options prior to the closing date. I think shareholders would approve. So it would be in her best interest to try and find a win win situation between her and shareholders.
My take on this whole thing was that they made a bad mistake last year when they needed more funding.
Then they realized the mistake when we hit 0.02 just months ago and they tried to fix that but they couldn't. So they are scrambling to look at all options. Now, between then and now they have to have though what if RS fails? They have to have plan B or plan C.
Assuming they didn't plan ahead. Assuming they were surprised with the first no RS vote result, they would be in the situation that we're discussing right now that they might have to accept a low balled offer either a partnership or M&A. Or, they would need someone to bail them out of the debt situation. after all of that is out of the window then BK would be the last resort.
So it is highly likely they have early planning and we know they have offers in the past. That would end up well for all of us including management if they can do a partnership. Worst case scenario we ended up with a low balled offer BO. That's what I think will happen.
She's not going to file BK where the judge will simply ask why didn't you consider these offers in the past? She's going to look very bad and make a lot of enemy going down the BK route. It's simply not wise.
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