RE:Finance questionWell those warrants expiring means the float is now ~275Million shares. So that is good.
As far as why they pulled the shelf offering? Well they can always re-do it. Or for some reason they feel they don't need it, that probably means something great. :-)
DJDawg wrote:
Hello all,
Congrats on a pretty great day. Since we are in the usual limbo between updates, I had a question about finances:
- I get that the monthly burn is not too bad so we are good to go for the NMIBC trial for now.
- I understand that when the warrants are excercised that that will give the company some more cash. Great.
What I didn't quite understand
- Why did they withdraw the shelf offering option in mid Nov. I'm glad they did as it show confidence but at the same time. Having that in your back pocket makes sense to any company. Why take it away?
- People expected the most recent warrants in Nov to be extended from what I read. But they were not. Isn't extending the warrants a good way to get more cash in the future. So why not do it from the company's perspective.
Maybe the answer is obvious but explain it to my life I'm 5. :)