Friday, September 08, 2017 9:46:11 AM
It is entirely possible the money just raised will go to meet bills already incurred. It is white knuckle time. But I have to believe PRO 140 does not just evaporate into thin air. Some financial solution will be found to keep the drug going but it might not be one that does anything for shareholders.
Also, did you see the part in the prospectus where the proceeds of this offering could be used to pay down debt? That may be trade debts the company has incurred as I indicated above or it might be paying off the some of the convertible debt Tony and others bought. If that happens, then you know the end of the road has been reached for shareholders.
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