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Bioasis Technologies Inc. V.BTI

Alternate Symbol(s):  BIOAF

Bioasis Technologies Inc. is a multi-asset rare and orphan disease biopharmaceutical company developing clinical stage programs based on epidermal growth factors and the xB3™ platform, a proprietary technology for the delivery of therapeutics across the blood brain barrier and the treatment of CNS disorders in areas of high unmet medical need. The in-house development programs are designed to develop symptomatic and disease-modifying treatments for brain-related diseases and disorders.


TSXV:BTI - Post by User

Comment by MineDiggeron Jun 16, 2022 8:49am
137 Views
Post# 34760704

RE:RE:(TSXV:BTI.V; OTCQB:BIOAF): Ph2 Ready Rare Orphan Assets

RE:RE:(TSXV:BTI.V; OTCQB:BIOAF): Ph2 Ready Rare Orphan Assets
"Unexpected", and we have to pay for the development, how dilutively is my concern?

Has anyone worked out how dilutive the Lind deal, if that $7m remaining is used, is likely to be?

I find it difficult to get a handle on all the "extras" that will also eventually (adding the interest) turn into shares. Then there is an unknown conversion price of course, but just knowing how much debt the loan could turn into would be useful.

And I'm wondering how easy will it be for Lind to end up having enough shares to control the company.

Yer, I know, I should be excited by Bioasis being nearer to the clinical trials, but I just wasn't expecting it to be the result of an acquisition that will need funding.

MD

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