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Cicant

01/07/11 1:27 PM

#8656 RE: otcplaya #8654

That's what I meant in a previous post.
I used the word hide, maybe that wasn't correct.
They have 29M with 1M burning/qtr.
They have money for at least 2 years.
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dreamonjon

01/07/11 4:39 PM

#8658 RE: otcplaya #8654

I guess that Icahn and the new capital investment group was fully aware of how the dominoes were going to fall down today. I would be very surprised if anyone putting down $22.5 million for a 30%+ stake would be left out of the plans. There was a contingency plan for NDA approval or disapproval and we have seen them unroll the more aggressive of the plans, that is my opinion. The investors were in line and informed and can't imagine that they object, so we have Icahn, investors with $22.5 million to pour in all complacent with a stock buyout of a smaller company. Its molecular technology, and as I understand patented, is worth something for some reason that the small fry are left to wonder about. Obviously, BIG investors in-the-know are on the program now, so I am staying with it.