RE:RE:RE:RE:RE:Stay Away Good post Jamming, but I would disagree with the comment that the pool of money is small. Seems like most financings have been oversold lately. There is a lot of money looking for deals but smart investors are looking for the whole package when they invest - product, management, industry, use of funds raised, past performance etc...quite possible that some of those are lacking here and personally I don't like to see management blame share price on shareholder's - it is managment's job to show why the stock is undervalued if they believe it is. I would rather see management take responsibility for past mistakes and the current share price and their inabiliy to raise funds. If you look at the financials you can see much of the funds raised in the past were not put to good use (and this doesn't even include share based payments).
I would feel a lot better about investing here if management stepped up and said we made mistakes, we realize that and have learned that we should do X instead of Y going forward. The reduction in burn rate is a start but they need a lot more money before the tech is ready for the market (and the HL market is small; the prostrate market is huge but that's a long ways off). I hope that Dr. Mai has a good advisor as she owns a huge piece of this company and if she is just going with what this managment team tells her the advice is obviously biased.
GLTA