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Tuesday, June 07, 2022 9:14:18 AM
We have 6 months of cash which takes us to the end of the year. This is enough time to get the IDE done.
Q3 becomes the IDE quarter. July the FDA approved the last pre IDE animal test plan and RDGL with Johns Hopkins help initiate the test all in July.
Animal test doesn't take long and test is completed and written up before the end of August.
Official IDE is submitted by Sept and approved for Human trials by October.
Q4 things really get interesting. Someone or some entity will want all they can get from the company and the offering closes quickly and the market cap moves to $200M, maybe $250M. Let's call it a $0.50 share price with now 400M shares. Someone may want to buy RDGL at the cheap at $500M and the good doctor and chairman will have a tough call to make because at $500M you have to consider current shareholder value. $1.25 share price by end of year when it now sits at $0.08 is a price the BOD has to seriously consider. I would vote yes.
All my opinion.
Recent RDGL News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 06:28:50 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 09:30:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/27/2023 09:40:48 PM
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 12/07/2023 05:15:10 AM
- Form 1-A POS - • Edgar (US Regulatory) • 11/27/2023 10:29:12 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/06/2023 04:28:46 PM
- Form 1-A POS - • Edgar (US Regulatory) • 11/03/2023 09:03:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/19/2023 04:18:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/11/2023 10:33:58 AM
- Form 1-A POS - • Edgar (US Regulatory) • 10/10/2023 04:05:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/04/2023 07:22:21 PM
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