neuro:
1.) Couldn't Cortex be raising a PIPE now in order to have cash on the balance sheet when they negotiate a potential partnership? (to put them in a position of strength) I would think that they might raise cash now to get it out of the way.
2.) If this price erosion is due to a PIPE, what do you think they would need to raise? What do you think will happen to SP in reaction? I think the current price level inmplies a 15MM pipe..
3.) If the Co. is going to get an inlicensing deal done, they might need $$$ in excess of what is on the BS? What are your thoughts? Is there a candidate that you think would be a good fit? Do you think they could structure a deal that increases Shareholder Value?
4.) Why do you feel that a Pipe woulb be indefensible? I estimate that they have 5MM or so on the BS? (not very much to deliver on a partnership...etc...etc.. and they did say they would work toward an inlicensing.)
5.) Last PIPE was small but done at a terrible time. What do you think is causing this protracted drop if not a PIPE?
Thanks Neuro. I would truly like your opinion on these points.
Iggs
Very accurate (regarding the bold print).
Obviously, there are two very different perspectives regarding negotiating with BP from a point of financial strength; one is from the small/individual investor (on the outside looking in), and the other from the view of the insider. I guess things get more complicated and superficial when running a company. It's an image, smoke and mirrors and so on. I don't envy that position. I am perfectly content in this broken cocoon. Or am I?
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