RE:RE:RE:RE:RE:RE:RE:RE:First step of many big steps...You don't know that. It certainly couldn't be on a valuation basis, not until they get a big infusion of cash or at least until FDA approval. So that leaves speculation and we have seen this held down forever. Every time buying interest shows up they throw cold water on it.
So is it being held down because there is doubt about BTD, AA, etc? Or is it being held down because of their constant need to raise money and the people who are actually doing most of the funding of the company want to do it down here rather than some higher price? I know if I had deep pockets and was willing to keep participating in the PPs I would choose the latter. And why now at 30 cents when the last few were done much lower? Maybe because we are on the verge?
I'm not saying BTD is a slam dunk but I wouldn't say the price or trading activity is an indication of doubt either. They don't have real revenue to increase the valuation and there is definitely incentive for the 'financiers' to do it at the most advantageous price for them and until BTD is granted they hold most of the cards.
menoalittle wrote: If BTD was a slam dunk (or perceived as being that by most here) TLT would already easily be trading well north of a dollar.
'nuf said.