Saturday, July 14, 2018 7:26:32 AM
While we all knew this was possible, we never thought he would be this radically irresponsible. It clearly implies one thing. He has nothing.
Podras trials were to take a few weeks and be done by June. Anyone else note the timing of June 16th to report this meeting? My guess is that Podras failed. As soon as that happened he had nothing. While we were were thinking spin off or partnership, if it failed he hasn't got anything to spin off.
Generics have failed and no revenue, and Rexista is a year away. So the only thing he had left was Regabatin and he has failed to partner that for the last 2 years.
So, this plan is to R/S and then Dilute further? Because he must still raise the 2.5 million in shareholder equity. How does that meet the requirement of sustainability for the year? My guess it does not and we still get delisted. At which point, why not bite that bullet and just get delisted now.
I know how I am going to vote.
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