CTIC - New conference call today to update investers - Hilations below:
1. bianco said they are discussing swaps with the $40 million debt holders. this means dilution.
2. he said they would try to ask the fda to use other arms as proof of efficacy and safety, without this they may try to partner
with another pharma for a trial for pix, this will not happen.
novartis alredy walked from an option on pix.
3. he spoke of the interest of other institutional investors but said the company did not want to take on more debt, this equates to more dillution. concerning the meeting on april 9, they are asking for 1,200,000,000 shares to be authorized.
look at the stock and the companys past. $1.4 billion and no drugs.
the question that needs to be answered is this-if the fda says all new phase 3 trial and no big pharma comes to the rescue what then??? 3 years and a very expensive phase 3 trial will be too much to overcome.
dilution is already set for april 9 and $51,000,000 will not take them all the way through a new phase 3 trial.
All my my posts are my opinion, entertainment value only...
if you have done your own due diligence then trade with confidence, if not...
PRAY!
[img][chart]investorshub.advfn.com/uimage/uploads/2010/3/7/dinuep
