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Re: dabullishbear post# 129778

Friday, 12/01/2017 3:32:23 PM

Friday, December 01, 2017 3:32:23 PM

Post# of 222197
And they are probably going need another $30m-$50m to get through Phase III. I personally believe that Redman would try to position the company for a buyout or partnership with a major pharmaceutical company before then. He already had one of his companies bought out and ended up on the Nasdaq way back in the day.

I don't see how he can keep raising the money through selling stock. I think he has to partner or get bought out. The institutional investors who have 70%+ of the voting power will not let Redman dilute their millions into oblivion.

I believe they are banking on positive phase I results to get them in a position where they can pull this off.

IMO

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