RE: RE: Oncolytics arranges $15-million bought-dea The fact that their are no cheap warrants attached makes this financing reasonable. Do I like it no, with big news in the near future they could have waited, but if you really are interested in getting a partnership then being in a cash bind is not a good way to get the best deal. If this is successfull without warrants then it tells the big boys that we can take this phase III to completion.
Their is a certain cash level that Brad is comfortable with and when we reach that level he will put out an offering every time. He will not gamble on the phase III even if he thinks their is a high chance of success. With multiple trial news events coming I do not expect this to affect the stock price for very long. This stock will be news driven in the next few months, IMHO.