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Saturday, February 25, 2023 8:44:44 AM
What usually happens is the reverse split works simultaneously with the financing in place first at a certain price. PreSplit. More than likely, they will strike a deal soon before march 6, probably with warrants attached to beef up the deal.
I believe It will be in place with a PR announcing the deal right before the RS. I've seen this happen a few times recently with certain companies.
Remember he has a number of investors that are interested he can leverage one over the other. With the billion-dollar potential of this, a biotech company in the cancer treatment/cure 100 billion dollar market with 0 debt with no cash burn for 2 years Is extremely attractive to early venture capital investors. After RS the whole dynamic will change with this company which can make the stock skyrocket.
Due to new investors' more credible exchanges. Let shorts try to short this on any given day this company can announce a partnership that will burn these shorts massively.
Remember this 5 million has the potential to take them to billions in evaluation. Koos said after the 4 million goes into research and INDs Phase 1 he will have the ability to bring in non-equity non-dilutive financing with milestone payments and licensing. The other 1 million he will have for operating expenses which can go far due to low cash burn.
Remember Koos had 2 opportunities to cash out for millions at .08 cents he never did. He is not taking a salary. He said publicly on CC he will personally be investing in the financing Why? This is a very unique once-in-a-lifetime opportunity in my honest opinion.
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