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Wednesday, January 28, 2009 11:30:38 PM
I'd expect a financing of any sort to hammer the price.
Who knows how low - .30's maybe?
The SA trial green light is great news, but it's nothing that will help prop the price up if there's a huge dilution that manages to raise less than a year's operating income. The trading volume the past 2 days since the PR shows that we are the only ones excited about it.
A financing hasn't happened yet, so I'll reserve judgement... but it will be beyond frustrating to me if an RD deal isn't done on decent terms in the relatively near future.
I can accept that Cortex may simply run out of time/cash before an optimal RD deal can be completed, hence the need for a financing.
But if the RD deal fails to materialize, or ends up being for a relative pittance, I'll feel duped that the RD indication was touted so strongly and that it was represented as an indication that more than one company would have strong interest in, and then the final deal failed to support either of those beliefs.
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