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Re: Lemoncat post# 264472

Wednesday, 05/29/2019 9:43:13 AM

Wednesday, May 29, 2019 9:43:13 AM

Post# of 403773
no deal means death. If we find out the current term sheet fails, like the last one, what will the share price be? It will approach zero. You are right- we could go on for years, counting down the pennies.

Oh yeah- I forgot- we are playing out that exact scenario now for the last 18 months! Too sad, too funny.

Let's be honest: the company is mostly dead now, at a quarter, OTC, failure of P, no deal for B for cellulitis, very disappointing B OM data, K on hold.

An IBD deal lets us catch hold of a root or branch as we hurdle down into the abyss and saves IP for now- but that is all. No rocket upward until B UC/IBD data back- far away in the future.

So it is true- death does not have to be sudden- we have just witnessed 18 months of a severe wasting illness that has left the promising company on the way to a slow death