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Medicago Inc MDCGF

Healthcare Biotechnology


GREY:MDCGF - Post by User

Medicago Inc > Puzzeled
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Comment by oilandgaswellson Dec 16, 2009 6:10pm
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Post# 16594688

RE: RE: RE: RE: Puzzeled

RE: RE: RE: RE: PuzzeledFor those who are nervous..think about this. The Company just did a $10 MILLION financing while the phase 1 trials were underway..about 2/3rds finished actually. Does anyone, ANYONE think that shrewd Investment bankers like Paradigm would BET $10mm on something that wasn't going to be successful so close to results coming out?
Does anyone, ANYONE actually believe Paradigm asked..".how are the trials going so far" and Medicago management says..."uh, sorry we aren't allowed to comment on that". To raise $$$ prior to the start of a clinical trial is one thing, to raise and have INSTANT OVER-SUBSCRIPTION 3 weeks before results is quite another.

Just think it through.....
GLTA
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