What would you do ? ... If LMNL needs to raise cash in early 2021 (and FDA has not yet given their reply to the BLA)
.... If you were TV (et al, you own 85% of the LMNL shares and the share prices (ie your investments) are down 50% or more, AFTER you listed on Nasdaq AND file the BLA and waiting for FDA reply by Q1-2021
1 - Do you raise equity at current /lower share prices (which further dilutes your investment )and if rights issue, you end up providing 85% of the equity cash raised anyway to keep your 85% controlling interest?
2- Borrow on the marke (assuming TV does not have cash earning nothing to invest and support LMNL cash needs) (at low interest rate, say 3-5%) and lend it to LMNL at 15% p.a until you get the FDA results (then pay back)?
3 - Screw the remaining (15%) shareholders, driving the shares to zero and write off to claim tax loss on your 85% shareholdings? (as some posters has mentioned on this Board)
4- Other ??