RE: RE: RE: RE: news is out! For the record I view NR as positive:
GEA report says technology is scaleble,and they are over 90% pure isolexx,so we have a full range of product . the stock would be 5.00 if they had 50mm in the bank.
gadfly ?
2 days a week,they can run at 7 but given burn rate and current production why would you,gear back to what you can produce and ramp up as required.
I would assume its a combination ,balance sheet , current cash flow and production.
my gut tells me they are at about 8-12mm in bank -1-2mm bank lines avail
lets just say 10mm to be safe ,if you can cut your 1mm month burn by 50% it gives you more run room to negotiate
I would rather them do that short term than to do a financing at .30
If i am a director with a bunch of stock,I dont want my interest diluted now,neither would any partner.
its a smart move,and everyone has known for months this was going down to the wire ,partnership,dilution or bust.
to me its a good news release but short of it saying we have a partner I think were rangebound around.30-.40
lets hope partner acceleration is CEO speak for were working on the details of a couple offers.