Replies to post #3159 on Bio Path Holdings Inc (BPTH)

[Pat Torney]

It was "publicly" announced to our insiders. We will let the rest of you know as soon as they buy up the shares they want at these lower prices.

Best,

Doug

I mean they must have told some people, which would explain the big increase in volume, but there is absolutely no press release.

[Snug9]

Brettj, what is that sucking sound we are all hearing? It’s the sound of our limited asset, “cash”, being pulled out of the BPTH bank acount to fund the start of the phase II CML study. I’m going to get biblical here for a minute, sorry I couldn’t resist, Luke 14: “28 For which of you, desiring to build a tower, does not first sit down, and count the cost, whether he has enough to complete it?
29 Otherwise, when he has laid the foundation, and is not able to finish it, all who see it begin to mock him,” RSV.
I’m concerned that Peter is a relic of his past! He hasn’t commercialized “any” product that I’m aware of for more than 16 years, if ever! I don’t see anyone on the BPTH staff who has any experience! Once the AML studies are complete and approval is a given it’s going to be expensive to market DNAbilize. Maybe Peter thinks people will be lining up at the door. Not in my experience. Is there going be be enough cash remaining to generate sales? What about a sales force or a sales agent?
One upside for the increase in share price, if it continues, is going out for additional funding will not dilute the current shareholders quite as badly. On the flip side, maybe this is all being done for show, the survival of Peter Nielsen! NO, HE WOULDN’T DO THAT WOULD HE?