biOasis Technologies Ord Shs V.BTI.H

RE:RE:RE:RE:Midatech at $1.0475

[prophetoffactz]

"Hummm,,,,can anyone name a junior company which has issued over 1 Billion shares into the public markets that has actually made it in business down the road in reality??"

If Mei Mei was asked what is the bigger threat to the advancement of xB3 the number of shares outstanding or little cash to develop the science what would she say? Saltareli also said being part of a financially strong company was a selling point of this merger. Armistice Capital is also a successful fund and is willing to join. Cash matters in biotech. It matters a lot.

As for the dilution, 25% of biotech has had a market cap below the value of cash on its balance sheet in recent months and how many more biotech stocks traded just above cash? Science has literally been a liability in this environment for many. The industry is seeking strategic alternatives. It has been the worst biotech market in history. Concept stocks with no human data like xB3 that are potentially years from a proof of concept in humans, and with positive cashflow horizons perhaps 7-10 years into the future and competitors ahead of it are the worst hit. BTI is not alone by a long shot and given its debt situation it was a leveraged play on this catastrophic environment.

One of the biggest factors that has weighed on BTI's failure over the last ten years has arguably been that it has been radically undercapitalized. When has it ever had US$10-US$20 million on its balance sheet to push the science forward? This is biotech. BTI has lived hand-to-mouth financially with small financings and increasingly on debt, etc. It has not been in control of its own destiny. Maybe Rathjen should have only agreed to take the job if shareholders were willing to do a $15 million financing to address the issue that has long plagued the company. It has been said that Rathjen was forced to swear that she would never dilute. She was handcuffed financially from the start and then the 1-in-100 year pandemic struck with Putin not far behind. She was forced to depend on partners who operate in strict silence and can take many years to advance to clinic.