cabel.....Spot On! A logical mind is a wonderful thing. Leo knew about a year ago and he has made the correct decision to delay P results to go for the closest Non-dilutive method to get it done [ capital infusion from B Partner].
I beg to differ. Think about all the money wasted on Kevetrin and absssi. Kevetrin dragged on for years and millions were spent with no value returned to shareholders. Leo was forced to cut the last K trial short because he was broke. Leo wasted millions on absssi and even with stellar results he couldn’t get a deal done.
Leo as frugal is a false narrative. Perhaps penny wise and pound foolish is more appropriate.
The company expressed natural optimism and anticipation of P results in the 10K and they do not know what they are. There is nothing sinister nor clever going on. This is a tiny biotech that needs cash to get trial results that it has not yet seen.