Wednesday, January 19, 2022 8:22:26 AM
If Cyrcadia wants to "go for a SPAC" they have to raise money first, then find a SPAC -- and it won't be LLBO because LLBO is not a SPAC.
If Cyrcadia wants to hold an IPO they have to convince investors that they have something in which to invest. That would mean replacing Holmes.
Because nobody is going to invest in Holmes now, IMO. As a younger man he was able to talk investors out of their money but I don't believe he can talk that game anymore.
And what are the odds of replacing Holmes at Cyrcadia? Realistically?
Acropolis, by the way, is not in the business of funding developmental biotechs. That's not what they do. And even if they WERE in that business, they wouldn't fund Cyrcadia with Holmes at the helm. They have come to know Holmes. They aren't going to give Holmes any money.
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