RE:RE:Wowser !LMNL already has a $75M fully used LOC they need to pay it back Apr 2024.
The $75M is the only LOC they have announced since restucturing, not sure what you are referring to when you say "simply reinstate the original..."
sah1 wrote: At current burn rate, money runs out in December and that is what is perplexing markets and driving sp lower. TV will not do another major restructure that I am confident of. but another rights offer could be done to raise $50M or so or TV could simply reinstate the original LoCwhich I think was $77M. The latter could be paid back after monetisation of the voucher if one is received or after an equity raise on Nasdaq after Ryplazim approval. The equity raise should be at a minimum of $25 and for at least $150M or so.
All the company has to do is clarify how it intends to fund the runway to Ryplazim approval and early stages of commercialisation and then the sp bleeding should stop.