RE: RE: MCC StatusHi Sun,
Well put. I agree with you on all counts. However you might be giving the governments a little too much credit.
The deal may not close until late summer, but the selection process and letter of intent will likely happen soon. (hence: near term) BNC gives us this hint in their last NR and we (some of us)continue to ignore it. If they knew the date they would have told us.
Also, BNC is also likely in the mist of negotiating an ecoli production partnership deal as well (likely in the US). Two major undertakings only 24 hours in a day. Both MCC and ecoli deals are coming. Just a matter of time. (Hint: near term)
As for the share offerings, I agree its not likely. Why would some of the major shareholders (BNC insiders)dilute their shares unnecessarily ? If it was inevitable, they would have done it by now. We are not privy to the inside facts, but I haven't seen any significant insider unloading, which would be an indicator of a potential "problem". Also they will likely be seeing some upfront cash from the partnership deals.