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Evil Rabbit

01/30/19 10:03 AM

#34492 RE: z_smith #34490

Worth noting that when Pestell said the following...

“There will be new information coming out very soon, in several different high-impact areas, which we believe will be very helpful for current investors."

He added something about “and investors in this next raise.” I can’t recall the exact quote.

I get the sense a licensing deal is around the corner and finances will soon change dramatically.

If there was any fear of going bankrupt they wouldn’t be holding out for deals at a price they’re “worth.” They’d take whatever they could. I don’t think the risk here is anywhere near what it was even a few months ago.
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finesand

01/30/19 10:05 AM

#34494 RE: z_smith #34490

z_smith - fully agreed

thesis is/was that having all balanced out w/ $20M raise,
they go back into the red zone of payables a bit.

So after BLA approval they can either raise at a higher SP
or 'just' collect Warrants at 75c (same thing)
or / and get upfront cash from partnership.

However, I agree w/ the your razor edge analogy,
it shouldn't be that tight.