Lost?I guess I don't really understand why we are dropping on this news. The reason I say this is:
1. We now have more cash for the develpment of resolyn.
2. Considering the TTH chart getting $0.37 per share is actually a good price considering the number of shares they are dumping.
3. This tells me BT thinks they will get a much bigger return from ONC then they ever would from TTH.
4. And best of all this avoids a dilution of shares through a PP, for the time being. With the prostate results around the corner I think it makes perfect sense, why do a PP at $3 when you can do one at $10 in a few months?
Or am I the only one that thinks this way?
Cheers,
Legend