I think most people here understand that use of dilutive financing at some point in the future is darn near certain. It could be used on D-Bar, S.Tx, or who knows, maybe even VM179.
On the surface it's easy to assume that's what'll happen. Dig a little deeper though and you find (from the last Q) that we have pre-approval on a non-dilutive possibility for $8.5M for VM179 and pay down/off of convertible debt. Coming out of the shareholders meeting VM179 has apparently taken front stage.
Non-dilutive financing (linked directly with a favorable verdict in the case with Montecito, imo) isn't a certainty by any means, but it's been made public that such an option exists. Then there's the CEO holding roughly 50M shares. Whether there's some creative way for him to profit from diluting his own shares I cannot say; I'm just a caveman, but when he dilute's the commons he dilute's his own shares as well.
It's atypical for any issue to make a dramatic rise in price in a very short period of time. When it does happen, the people left out invariably say "wish I'd believed in that possibility." When it doesn't, and the stock heads south those "out" say "It was obvious."
In light of all this, I choose to have some "skin in the game."
<maximum yammer factor exceeded - message truncated>
AI
