this post with similar ridicule ...
We were trading in the 50's ( albeit CAD ; - ( ) and the bullboard was in the "very same mode" it is today. Just days / weeks after i posted this we made a "BEST EFFORTS" announcement..
Despite trading in the low to mi 50's, we financed at 30 cents CAD with a very aggressive 35 cent warrant. Weeks later management issued 12.4 MILLION options at 25 cent CAD..
I calculate our cash position now at less than 6 month ( likely just below 3.5M CAD ) YOU DON'T go much below these levels before you "top up the kitty"
- I have no idea of the timing, BUT let's be realistic as I WAS the last time...
Cdn bio-techs go parabolic when they're destined 4 failure..
If this is as good as you think it is, it sure as heck ain't going parabolic now. They need money, and if it's good ( AKA - the real deal ), the folks closest to this and big money will PP the daylights out of it at 35 to 40 cents with a 50 cent side-car ( warrant ) Time many of you relaized that control is key, let's see if the consistent flexing to 50 pennies CAD is simply opportunity for participants to load up for the financing. Why would it be moved now if it is ultimately the same folks that have participated in the PP's before? Do they need to pay inflated prices for their next batch of cookies? The firm needs money and the trading and US shorting screams a financing is coming - IMHO