RE:Hill Street will need to raise money soonBmanStan wrote: I think an eventual NR regarding a PP, some other type of fund raising, or perhaps even a partnership is inevitable and that we should expect it sooner rather than later. Company only had a little over $1 million in cash at yearend and you can expect them to burn through that quickly given their growth and short-term plans. Hopefully any type of fund raise does not cause any major dilution in what I would consider an already undervalued company. I personally believe that $0.175 is the floor and that it will not go any lower. The weighted average exercise price of granted and outstanding warrants sits at $0.32 currently.
Makes sense. Even the big guys continued with many rounds of financing. I went through the pr’s from Cronos s while back and lost track of how many pp’s they did along their multi-year path to bring s billion $ player.
I trust that Terry and team will continue to keep the company going in s fiscally responsible way, for the benefit of shareholders, including insiders obviously.