Tuesday, August 20, 2013 9:22:59 AM
Gerald has cleaned up the Balance sheet (a big precursor) before any capital raise is ever going to happen (would you lend $$ to a friend who has lots of liabilities and debts)?
The object and goal going forward; is to keep the bridge loans going (and massive dilution capped) until the non dilutive funding comes along:
1) Grants
2) Licensing deals
3) Partnerships
4) Capital raise (V.C. or institution)
5) MANF Orphan indications could draw a Pharma. partner investment
In summary, its very possible that a Reverse split is coming to uplist the PPS as well. High risk; High reward...either you are in or out (as always; do you own due diligence).
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