Thursday, January 10, 2019 11:13:30 AM
What happened to the confidence that they could license the diagnostic test? Obviously, if they're looking to raise $25mm on objectively terrible terms, they don't expect significant funding from that in even the coming months. But since about November, they've spoken like that's imminent. That's exceptionally frustrating to me. It blows my mind that they can't find bridge funding if the diagnostic test is as valuable and easily-licensed as they've suggested.
It doesn't change anything about how I view the mid- to long-term future of the company, but I did expect that the majority of raises on terrible terms would be done. $0.30 warrants exercisable immediately?? That'll help the share price for sure. How much cash do I need to scrape together to get in?
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