RE: Were alive HT ... Sorry I missed your post this morning.
Let me ask you this, why would Team Burn need another equity raise?
In the recent correspondence to shareholders they,on several occasions, indicated that the offers from the 29 remaining interested parties would include milestone payments, the covering of development costs and most importantly, upfront cash. If they anticipate "upfront cash" combined with the sale of AH, why the hell would Team Burn need an equity raise?
Some here have been expecting a special dividend from the sale of AH. How does that jive with an equity raise? Sometimes it seems shareholders here have lost track of exactly who they are invested with!
Have the notions of things like cost cutting, staff reductions, increasing sales, selling something from the 60 million dollar bonfire, cancelling the sponshorship of "carnivale" themed Australian dinners or general austerity measures ever crossed the minds of these perpetual money losers? Granted these novel thoughts are frowned upon in most crown corporations, but Bioniche has an opportunity to be a real trend setter here.
Shareholders are obviously thrilled that they have reduced their interest rate on their loan from 15 to 13.5% and given away the Canadian rights to Urocidin for free, but why do they need to raise more money and issue more shares for bold, decisive moves like this latest one?