Just spoke with Craig Carlson, I called because I had a few questions. When he said there would be dilution this morning he meant that they would need financing and it could come from a number of places. I told him WP and DF have stuck with them so it would be them and he couldn’t give me a definite yes but we all know that’s where the money is coming from and there will be no actual dilution of the common stock at this point. He said the FDA has their labeling proposal and they would be answering any questions they may have. He said they are trying to get patients for the Phase III trial and had one but after evaluating him he wasn’t a match. He seemed to be as confused as me when I asked about the stock, he joked that maybe when they have an actual approved drug that it will go up. I also asked why their stock wasn’t halted yesterday and the said those are NASDAQ rules and they don’t trade on the NASDAQ. I may be switching my screen name from Biorecruiter to confused Talon long for anyone that cares.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.