RE:Here's what waiting can mean...Very "illustrative" point JD, thanks. Totally agree that financing while in the $2-$5 range (financing from a position of strength) would be optimal. Why does it seem, however (from my experience), that that is rarely the case? Most investors will likely point to example upon example of companies vying for funds via share issuance at the very worst time in terms of sp point (particularly low sp point). It always seems to me that companies time it that way to allow (entice?) funding at a perceived undervaluation -providing prospective funding outfits extra incentive to capitalize on their investment. For BTI, that would be now (oh please MoneyGod don't let it happen!!). Really hope to see it happen "a la ICPT", as your example shows, instead. After three plus years invested, I'm beginning to feel under-served... or certainly underwhelmed by results, especially this Spring. For some reason I can no longer recall, I had marked this point in time (approx. the 3 yr mark) as the time I would see my $$ in BTI multiply. The very nature of speculative investing... always allow more time than you think!!
Lykitis