They could sell the remaining 200 million shares left on the shelf and accomplish the same thing. Then, ask for an increase in authorized shares when they need it. Let the new partner buy some on the open market if they want more than that. No way am I in favor of a reverse split under any circumstances.
Thinking outside the box and hoping Peregrine makes it before we all start losing our minds (since it will help that also!) : )
Would it be good for Peregrine to hand over the control of so many shares to just one other Big Pharma such as Merck ( just using Merck since they come in after AZ and must have been for some big $$ reason ??) and MAYBE Peregrine just says who cares about someone holding 50% or so of the stock currently and use that as leverage for later down the road, and try and make 3 even deals with other Big Pharmas say for 15% each so a total of about 45%
This way.... you have more competition with your PS Targeting, UNLESS of course the money is OVER THE TOP offered by someone like a Merck
I still say there is a way to play this to "p o s s i b l y" keep that already big BP who may own around 50% in the loop and that already big BP may not have such an incentive or find it useless to keep the stock low because Peregrine the longer Peregrine sticks around in the $10-30 range the more stock options Management picks up... the more stock other partners pick up.... because all know, eventually... this will pop up out of control.
Damn, the amyloids are spinning out of control in my brain and amyloids must be tied into these biomarkers for Oct 10 and if not... soon will be: (just pointing out TBI for now...)
Anyhow, Amyloids will certainly be part of the discussion sooner or later and all tied into PS Targeting... I bet there is quite the matrix going on charting out all the biomarkers associated with once PS Targeting begins. I remember a hockey player tweeting about all this....
and maybe Joe Shan mentions "hockey stick" enrollment subconsciously as he was thinking about brain injury within hockey... for some reason ... hmmmmm