RE:RE:New Press Release - SIRONA BIOCHEM Corporate Update April 2024Turtle4 wrote: Nothing new.
family and friends can't or don't want to give any more money.
The available resources are not even sufficient to produce enough samples for potential partners.
The only thing that is important at the moment is the investor. Without it, everything is for nothing. Even the TFC1067 launch will not be nearly enough. Milestones are probably very low (clever howie opted for higher royalties) and royalties will certainly take a few quarters.
Howie didn't "opt" for anything, he took what AbbVie offered, like any beggar on the street. And now, the shareholders are paying the price.
I don't know what kind of "institution" is going to fund us until we can make some money, but they are going to want a sweetheart deal, and that is going to take a big chunk of the future profits that WE paid for.
Having said that, even if we get a smaller piece of the pie, it is better than a larger piece of a bankrupt company. If this rebranded GlycoProteMim takes off, and AbbVie ever decides to do something, that smaller peice of the pie will still make anyone who buys at 7 cents a heck of a lot of money.