Antibe Therapeutics Inc(Pre-Merger) ATBPF

Ates cash on hand is dropping 8-12 mill a quarter

[Stutters]

then they will have to raise money

[MrMugsy]

I estimate it will work out to a spend of $2.5M per month. Add something back for the sale of CITA - let's call it $7.5M (for now). That would get us well into 2024 so they likely wouldn't be contemplating going to markets until Q3-Q4 of 2024 - world away. Question is ... are they willing to up the development work at Dalriada or are they planning on going slowly ?  I'm betting

[StockingUp21]

They will not wait until bank account is empty to raise money. You know I know muggy knows too. He is a wolf in sheep clothing. Beware!

[MrMugsy]

Oooooooooo .. a wolf in sheeps clothing ... makes me sound mysterious. Very cool. Makes you sound a lot paranoid. Don't fear the wind Stocky - it can't really hurt you. : )

[StockingUp21]

This post has been removed in accordance with Community Policy

[TheMadMonk]

Don't forget that there are approximately 8 million warrants outstanding that expire between February 2022 and February 2024.  If all 8 million warrants expire that means that the company can sell an additional 8 million shares without diluting shareholders any further.  After P3 starts there is a reasonable chance that the stock would be valued above $5 per share.  If that is

[woundedknee]

MadMonk...you stated in your post that after P3 starts this may ne valued above 5 dollars. Your name fits you perfectly. lol

[TheMadMonk]

Hey Wounded, I'll have you know that my team of psychiatrists say that I am doing much better now.  I was being conservative on my $5 price target.  Provided that everything goes well with P2 and we as we start P3, I think that there will be excitement around this company again and the stock price will reflect that.  These shares were trading over $7 heading into an AME

[woundedknee]

MadMonk...nice to see you have a sense of humor. I like your optimism as well and I hope you are right. Have a good weekend.