I have almost 0 concern they'll raise the money they need, but it does represent an area of uncertainty, especially with regards to specific details.
Will they announce a share offering? If they go that route, how many shares, at what price, will warrants be involved, at what price...etc etc.
Same with something like a licensing agreement....where, how much, how structured, would warrants be involved?
Every potential avenue splinters into a myriad of cascading questions....and I just want to know what they're going to do and how. I should underline that that there is always the possibility that we could get to Jan 31st with no news and no Top-Line data....which would mean a breaking of the convenant requiring Top Line by that date...at which point I assume Third Eye would be in a position to foreclose on basically all the company's intelectual property...
I don't think that will happen but I have to acknowledge that it is at least possible.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
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