Lattice Biologics Ltd V.LBL.H

March 17 NR

[Magnum2]

In the initial stage of investigation, the clinicians will compare participant outcomes on day seven in both groups to assess if AmnioBoost treatment has produced any clinical benefit. 
The study will be halted if there is no evidence of a treatment difference between AmnioBoost and placebo. 

So if we had bad news/no evidence of a treatment difference, we would have heard by now....correct???

[BrandoTheBore]

Correct. Unless they haven't even started the actual trials......nobody knows

[BrandoTheBore]

Guy needs to update if they've begun or not. No harm/foul in saying that. 

[colima]

I'll bet Alumina Partners knows; but we lowly retail shareholders are kept in the dark.

[gainwidpatience]

It is as simple as that. Before the Covid news, LBL was trading at 0.2c with a mkt capitalization of $2m. If Alumina gives them $6m with the flexible price, it is certain that they are positive with the outcome.

[schrodingerscat]

Tsx has to approve it first. no yes?

[Nomoreshells4me]

Yes. TSX has to approve it first. Also it would greatly benefit us shareholders if the nr says that the FDA has approved LBL going to phase 2 . So, the results should be approved by the FDA & the news release by the TSX

[schrodingerscat]

They said they needed the money to start phase 1. getting the money requires shareholder notification. so in theory it's not happening yet.

[BrandoTheBore]

I read it as if they'd likely need it to complete phase 1. So maybe not even until 1b completion. If guy can release news prior to taking money, he will. The structure of the money deal GREATLY improves if he can get the stock price up before taking a tranche. 

[Magnum2]

Alumina Partners IMO would not have thrown $6 Million blindly at LBL, something must have been started, if not then they are taking far too long to get this train in motion. Bring on some update or News, we are all ready!!!

[MaterialWorld]

The best news yet, is no news. Bad news would have shut this thing down in a New York minute. (Aint gona happen ) Hold tight folks, we all know this thing will be the best investment we have ever made. Just hold on a little longer. It's gona happen ............. MW

[schrodingerscat]

Lattice does not have the money yet. they get the money after they hand over the shares and warrants.  we will be informed of the transaction when approved. then i imagine a news release stating the trial #1 particulars.