RE:RE:One of these days I am going to give..vestor111 wrote: Yes you should be.
Consider this: Frost cannot win a bidding war against big pharam and he knows it. 1433 for NMIBC fits Frost's uro-oncology foothold amazingly well. I can believe Frost will will make a move early say if the most or all of the next 6 patients show up clean after 90 days. Why would he wait any longer to make a really sweet licensing deal? If the next 6 finish by the end of August, that puts a 90 day report out by around early Dec.
He could approach Roger with say $30M for North American rights for say 2 years with rev sharing and royalties and pay for the Ph2 trial. He could also option Prostate for even more with trial funding. This would let TLT move forward on many fronts.
It is all in the details of a deal he would want to win quickly to offset the threat of a tendered offer by big pharma. Hell it could even so more on contigency payment on the Ph2 results.
If one of the big pharma tenders, Frost is cooked and he knows this. He has to beat them to the punch - with a really sweet deal - whatever that entails. And it would all be in private discussions with Roger and the board and could be announced in early Dec.
This would give Roger lots of breathing room and no need for a PP.
Meanwhile if you trade in and out, more news could come out on say GBM results with Xray activation. You would have shot yourself in the foot trying to skim a few pennies off the price.
If you wated to trade - bulk up for a Dec a announcement and flip some on the news. But even then on the heals of any deal or 6 clean bladders, a tender could quickly follow and all hell could break loose.
Trading at this juncture could get expensive as news flows. Ya takes ya chances.
Hi Ya'll !!!
I really don't want Frost involved here; Merck/Sigma is a perfect fit.
Whom here uses Scotia as a broker?
Thanks