If I manage to take this Chocolate dream commercial in the next year or 2, then I'll be sure to let you know the website where you can order them! Sneak Peak, the name would be Elements Chocolates. No need to google it now though, so far Elements Chocolates only exists in my personal chocolate wonderland, otherwise known as a kitchen.
- BVXV I believe I saw the yahoo replies to the dilution scenario. Referring to
Leshiy
We will see in the next quaters operating expenses go down cause Ph3 is finished (Most of R&D experiences were on this huge trial). New manufactory line building done as well. The company itself has a very low cash burning.
I don't believe this is correct and feel Leshiy is making big assumptions and we all know about assumptions.
If this assertion that the Clinical Trial is the key cost that will not go down, I have never seen a clinical trial cost go down until the clinical trial is over. And this makes no sense as the prior quarters expenses were significantly lower about 4 million per quarter I think with the Phase III trial still fully ongoing. Therefore I assert that the increase in costs is due to the manufacturing facility on top of the trial costs which I see no reason to go down as yet.
On the manufacturing facility I also feel the assumption that this is completed is nonsense. We haven't seen any PR relating to that fact and building such a facility I assume just based on normal construction timelines would take minimum of a year of actual construction once all the plans are satisfactorily drawn out, and most likely taking about 2 years. Perhaps may be done faster but then means time vs money, so shorter time-frame would mean even higher costs.
I would say the costs until end of Phase III will remain at this higher burn, then end Phase III perhaps we drop to about 5 million burn per quarter. But that does mean we are at about the 8-10 million per quarter burn for at least another 6 months.
I assume they'll go for a 20-30 million raise when it happens. Give them enough to get to results and start probing commercialisation plans while the manufacturing facility will perhaps be ready in about 1 more year from now and then hoped to get the regulators to sign it off before any final full approval and commercialisation.
Agreed the usual would be between 10-20% dilution. But 15% as most sounds like a good ballpark.
For my sake, it's not that I want dilution as that hurts everyone including my future self, but the dilution might unduly scare people more than needed providing the better entry point.
On Tim I have a feeling we won't hear from him at all.
