There is no delay. Dilution is already set. They only need to do the PR. That will happen once they set who gets what. Yesterday’s meteoric rise and subsequent fall foretold the magnitude of what will be in the PR.
Yep. Let's hope the dilution is MASSIVE, so that we get $60-70M plus in cash in the door. With existing cash that would be about 2 years worthwhile would get going concern off the table for 18 months or more.
Year existing shareholders would lose 2/3 to 3/4 of company but it would be worth it to fix cash problem.
Of course old longs would be down to about 12% of company, but that is the way it goes.
With a good cash pile, there is a chance to get back to focusing on getting the products approved.
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