Post by
donkeyfeathers on May 17, 2022 9:48am
A Match Made in Heaven
CD at Evotec certainly impressed me with that comment. I also liked the answers given to Doug Lowes questions - straightforward: we have the bench science and the data to move this partnership along quickly. Watching the trades go through now and keeping a close eye on whether the price can be kept above $1.72, so some of those warrants are kept in the money and then must be exercised. I'm still holding my timeline for significant multiples, assuming the CC progress continues and the IND submission doesn't hit a snag. Based on earnings potential, the TSX uplist appears to be just a matter of formalities being addressed. Congrats to all who worked on getting this partnership realised, and most of all, thinking about Dr. White's visionary thinking way back when :)
DF
Comment by
MoneyMouth on May 17, 2022 10:15am
Unconditional warrants priced at 2.50 a share by august 31st 2022! 2.50 here we come!
Comment by
Metalsguy1 on May 17, 2022 10:26am
You are such an idiot. The $2.50 is not guaranteed just because of this deal...that isn't how the market works.
Comment by
MoneyMouth on May 17, 2022 10:35am
Well Evotec will be paying $2.50, that's guaranteed!
Comment by
MoneyMouth on May 17, 2022 10:39am
In addition, pursuant to an unconditional purchase warrant, Evotec will acquire, on or before August 31, 2022, a further 2,709,800 common shares at a price of CAD$2.50 per share for gross proceeds of $6,774,500.
Comment by
MoneyMouth on May 17, 2022 11:06am
Where do you see information regarding paying the market price average??