RE:Ontario's OMERS (95B$ in assets) has the picture of the PMHbencro wrote: Some are insecured that we won't be able to find patient and deep-pocket investors that would want to take us to market? Question where the money will come from! Because they haven't seen it yet, they start doubting!
As I said yesterday, there's enough venture capital on this planet and even in Canada to support us in the financing of the NMIBC Ph. 2b. There are smart people that will want to step in for the long-shot.
Take just one example:
Ontario's OMERS (95B$ in net assets) has the picture of the Princess Margaret Hospital on one of its website. Guess why?
Princess Margaret Cancer Centre and LifeLabs work together to provide comprehensive genomic profiling to thousands of Canadian cancer patients.
LifeLabs is indirectly owned by OMERS Administration Corporation, whose interest is managed by Borealis Infrastructure.
Guess why?
There are many other deep-pocket investors (private or public (like pension plan (CDPQ, OMERS, Ontario Teachers' Pension Plan, etc ...)), not to mention specific life-science related funds.
Where was this venture capital you say is ready to throw money at TLT when they asked for financial help last time? You are mistaken if you think pension plans invest in high risk penny stocks such as TLT. They look for big caps that pay dividends not small companies that have been flagged with a going concern warning by their auditors. If it wasn't for the founder and his wife pumping their personal savings into paying the bills this company would have had to shut its doors months ago. So don't suggest there's lot's of money out there to support the science when they just finished passing the hat for a second time to keep the lights on.