RE:RE:Another Financing - Seriously? FGPstock wrote:
Consultant, I agree... When a few of us said a small PP was needed, we were bashed for that opinion, now everyone thinks this is a great idea. While I expected a PP, if BTD is a few months away, I don't see the need for $2.5MM or $5MM, also, why extend .50 warrants to 2024 unless TLT doesn't expect the price to be ALOT higher like the rest of us do. Now there are 10MM more shares at .25 cents, and 10MM warrants for 2 years at .35c. If BTD is in the 4th quarter and revenues are not too far off, this makes absolutely no sense. I am having a hard time seeing any positive here. The price will most likely stay under pressure at least until the financing is done, but this doesn't seem like a very confident management team offering the next SOC and BTD. I know I will be bashed again for questioning the powers that be, but I think it is hard for anyone to justify such a big raise at .25 cents... imo
Yawn, the bashers are back. So FGP you were for the PP before you were against it? Lol, It always made sense to do a small PP IF the money was going to get tight before Approval. I was Optimistic they would do it later. I was wrong. Perhaps they are being conservative and thought it better to have the funds in place now so SP can take it's natural course when news on Covid Vax, GLP, Multiple cancer trials, BTD, AA, begins to come in.
I think you were the one before stating they would need the money sooner. And that BTD wouldn't happen in time. Now you are bashing them because BTD is around the corner and 'Why do this now'? Geeze you guys...
IF you really do own any Stock, I'm sure you'll be happy down the road as they appear to have the funds now to get to the Big warrant cache in 2024. Why extend the Oct 3(today) .50c warrants? because there was no way SP was going to go up by now and those warrants would expire. What is hard about that? Now those warrants will come in when SP is well above that and just about when all this GLP, new Phase 1 $$ money runs out. Maybe they'll extend the January .50c warrants as well, strategically so that money will be in place going into 2024?
I think we'll all be happier once SP is up a bunch, now that $$$ isn't an issue. Unless of course you're really a basher... ;-)