Friday, September 11, 2020 4:25:12 AM
You said "Geert does want more money on hand". Well, I think the latest move, or more exactly the latest lack of move on expiring warrants, is a clear sign that Geert does not want more money.
This is very good news !
1) This prevents additional dilution for the large majority of shareholders (Bit more than 1M shares) : the "little and unconnected people" who have helped sustain this company for years and bought theirs on open markets.
2) Geert think he has enough money with $20.1 M end of June, so count about $15m in bank by end of September (from memory if I am not wrong). 15M is enough for 3 quarters, but as Geert is a careful money manager he will want back $10m when TLD is released. So we'll expect TLD to be released between now and the end of the year.
I hear your mentioning my latter sentence : "Indeed, Geert is a careful money manager, so why doesn't he take as much money as he can from expiring warrants" .
I will be tempted to answer "Because he cares as well of the little people"
I will not.
I think, more pragmatically that the answer is "Because he thinks he can raise money easily, and before he reaches his $10m money cushion".
Now I hear you say "But, Fosco, Geert is blinded, how, Geert being Geert, could he take the risk of not taking additional easy $ 10/20 M before TLD is released ? "
And this is the moment that I answer to you :
"Indeed, Geert is blinded, but as data is being reviewed and reviewed and cleaned and cleaned, still he is not deaf"
So to me, this latest news is extremely positive, it means that Cel SCI think they will be able to raise as much money as they require in less than a quarter
JMO of course
Fosco
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