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Re: Nerf post# 1399

Tuesday, 09/11/2007 10:37:41 AM

Tuesday, September 11, 2007 10:37:41 AM

Post# of 8473
Yes, the Company raising money and doing so in a "surprise" fashion, i.e. doing a PIPE or something couldn't be further from the M.O. of the company to date. They signalled the market they were going to raise money in Q1 of 2007 since mid-2006. Some would argue doing so was to their detriment as the stock only rose from $6 to $13 on 3 trials worth of solid interim results.
I believe either the company will partner Androxal or perhaps a secondary indication of a Proellex-like compound (for something like breast CA) or something else in lieu of raising money. Should one of these partnerships be delayed and they have to raise money, I don't see how that is necessary until conservatively Q3 '08 (they could wait longer), so why worry about what small financing may or may not take place in 12+ months?
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