GREY:IPHAF - Post by User
Comment by
teeveeon Feb 08, 2010 6:24pm
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Post# 16764315
RE: Re,Re: no MO for Dr. Fo
RE: Re,Re: no MO for Dr. Fo
"" Isotechnika has a limited amount of cash on hand to cover expenses. It has at least, an eight month wait, before any more cash is available from Lux , if the NDA is successful. Dr. Fo does not have very many friends left in the underwriting/institutional investor community. They have been burned too many times by too many false promises and unfulfilled hopes to put any more MO behind the share price or into ISA / Dr.Fo's pockets!""
I agree that it is a very low probability that ISA could ever raise equity capital again. Didn't Paladin warn ISA shareholders that ISA must now find a way to stay cash flow positive, and if not, they would let it go down? Paladin owns all ISA patents and ISA just leases them back, so if ISA folds, Paladin retains 100% of patents plus any licencing milestone payments and royalties. Perhaps there is a good reason why there is no insider buying?