RE:RE:RE:RE:RE:New Presentation is up Thinking about the Last PR was from July I do recall Paul mentioning raising funds on a shareholder friendly basis a couple of times among others during last CC, but not sure it was anything mentioned before last July. So was this statement an attempt to reassure the shareholders who are worried about another round of too soon and give a way offering? Also they say they are currently dosing a number of patients(groups) when did that start this week or couple of months ago? We just don't know.
Wino115 wrote: Non-dilutive - we've heard it before from mgmt. Not sure it was in last presentation but probably was. It was what got some of us to look at those biotech alternative financing type of companies -- borrow now and pay later in royalties or convert to long-term debt. Some thought maybe factoring, but there's not enough in profits for that. So Pauls' been thinking non-dilutive for a while. Of course, the easiest is a straight partnering for the drug like many other's do. I still think it's a post-oncology news event as that opens up a better decision-tree for them.
scarlet1967 wrote:
“Currently dosing a number of additional patients at 420mg/m2”
So my guess they have stopped the single at a time patient dose escalation and moved to groups with the starting dose 420mg/m2.
Is the trial moving slowly? Not to me as it seems it’s on schedule based on what has been said since they started 10 months ago and each cycle can take 6 weeks they would have 6 or 7 cycles and that’s about it. And that’s not the end of the escalation if no DLT next stop is 560mg/m2 and so on. Of course a little bit more measured and clear communication would make it much easier for everyone to make their own educated guess.
I didn’t save the previous IP so the below could have been there but it does clearly say the NASH funding would be non-dilutive.
I personally feel better if it turns out to be true.
“In parallel, exploring other non-dilutive financing options to initiate trial prior to partnership finalization”