Does this new financing news provide any hints or clues about the PDD trial results? Is it more likely we will have good news? Or no effect at all"
The way I see it...
1) TGD diluted more shares after the last filing...If PDD results were going to be very good or better, then TGD would have waited until the PDD results were made public. We have at least a year's worth of cash on hand, so why the rush to dilute around $5 when you could wait a couple of months and dilute at a much higher price? IMO, this indicates TGD doesn't have much confidence in the results.
2) Most here believe that if they was a PR, after the bell, leading into a long 3 day holiday, the optics were not going to be favorable, so let me ask this question...If this was good news, then why do it after the close leading into a 3 day holiday? If this news is great, then why not issue it Monday morning before the bell? The fact TGD did this after the close on Thursday and not before the bell on Monday indicates he has something too hide...Is it the PDD results are not as great as we had all hoped for?
3). Why the rush to do the new financing before the PDD results? Again, if the PDD results are going to be stellar, why do the refinancing now? The refinancing is not going to be taken lightly by the market. If the refinancing were done after the PDD results, then the market would be more acceptable to it. It would make more sense after a very successful trial. More funds would be needed to move forward under KNOWN conditions. IMO, a good CEO, would attempt to minimize uncertainly, especially in light of favorable trial results.
Can you any or anyone, put a spin on why my 3 questions are off base AND make an argument why it was best to do things the way he did?
TGD, is more cunning than most believe (or willing to admit). I believe his actions indicate the trial results are going to be mediocre at best and thus his MO. if he doesn't realize the negative impact of his actions, then he isn't a good CEO. I do believe he knows exactly what he is doing and the reason why will be known soon. IMO, that is when this board will get ugly.
Also, there we're several 100 of the July 5 puts purchased in the day leading up to the refinancing. Someone knew there were gong to be bad news (How did this leak out? A question for the authorities). Some on here laughed when I mentioned the purchase of the puts. I don't think they will be laughing in a few days.
I truly hope my feelings are wrong, but I doubt it. We will know in short order.
