RE:RE:RE:James Hodgins of Curvature Hedge Strategies comments on PLIAll these guys need to know is the cash burn, what management promised (cash flow positive by 2008), what they delivered and when they'll need cash again. I'm sure everyone wants to see them succeed by helping people and becoming a great Canadian pharma company but they'll still need to raise a huge amount of money to carry products accross the finish line and get products to market. If what people are saying about ownership of the warrants is true then they will likely need to do another market raise soon. Pretty easy for people like JH to cover their short by buying into the placement to get their replacement shares. That being said if they magically get a huge partnership deal in the next few weeks with an influx of cash and don't need to raise money everything changes fast. Everyone was waiting for Crh Medical to do a raise around the $5 level but when they didn't because they had significant cash flow, everyone had to buy open market, shorts and longs alike. Make no mistake, Pli will need money soon and the market knows it.
Aureus wrote: Pg as artificial plasma? Oh and we have FDA approval now? Another "smartM mamba BB Bidou" who knows d_ick about ProMetic!