RE: RE: Dreamer05 is that you on the bid aat 15? E
TLN will not refinance unless they have positive PII results to stir interest.
Nothing will happen until data is presented.
Probably will take final data - not preliminary ones for financing.
All will depend on how good these data will be. If awesome, I would prefer refinancing. TLN could then partner at better terms and could push more development.
Otherwise, TLN will probably be sold for 2$.
It's good to see, that there are smart buyers grabbing significant amounts of shares. Volume is more indicative of strength than SP here.
Each day going by will stir interest.
This trial is open label and aims to measure survival time. So the longer the trial is on going the better.
Should there be failure, there will be an early announcement.
We are March 4th 2009...
General market should stabilized at some point. Biotech to rebound first as they are the only sector where there is buying/acquisition interest.
Next possible catalysts:
-End of recruitement news release.
-Shigamabs deal (if there is a deal, it have to happen in March / April before E.coli season in the south.
Early buyout b4 results is out of the question. Management has excluded that option by going for the "homerun" scenario.