TSXV:BTI.H - Post by User
Comment by
prophetoffactzon Dec 31, 2022 3:00pm
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Post# 35198588
RE:RE:RE:RE:RE:RE:RE:RE:Midatech at $1.0475
RE:RE:RE:RE:RE:RE:RE:RE:Midatech at $1.0475"By obsessively fearing dilution so much BTI has been slow-walked into catastrophic dilution." Even POF can admit this is catastrophic. --------
As I've said, a 1-in-100 year flood has wiped out Biotech City. This has been the worst biotech market in history. With much of the industry trading near or below the cash on the balance sheet catastrophic dilution shouldn't be surprising. Catastrophic dilution is normal as much science is being given negative value. Many will suffer worse than BTI which was also leveraged. Rathjen has tried to act decisively to provide upside and provide enough cash to get to key catalysts amidst the general carnage in Biotech City.