TSXV:BTI.H - Post by User
Comment by
KayakerBCon Jul 25, 2022 5:44pm
150 Views
Post# 34849494
RE:Why Will Bioasis Fail?
RE:Why Will Bioasis Fail?I don't know if Bioasis will fail but I know what I'm concerned about as a shareholder.
I think BTI is at 13.5 cents because of investor concerns about the upcoming Phase II GBS trial financing and dilution and the NASDAQ listing. I suspect we'll be going into both at current stock prices. It would take a partner's clinical trial starting very soon to change that IMO.
The NASDAQ listing is supposed to be a good thing for current investors but I'm less than convinced that will be true. The extent of the dilution is a major concern for me. A short clip from a recent Tim Ferriss interview (starting at 1:31:35) is also a good reminder.
[url=https://www.youtube.com/watch?v=JwiswTQkvew&]Link works?[/url]
https://www.youtube.com/watch?v=JwiswTQkvew&
My preference would be for management to sell the company. I said a year or two ago I would vote "yes" for a buyout at $2.00 US a share. I'd certainly take that today. Push comes to shove I'd go down to $1.00 US and still vote "yes".