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Message: 12 months of financial resources
The company is always looking to have 12 months of financial resources on hand. They are currently at that level. So, they are either quite hopeful of getting a money deal in the very near future or we are looking at dilution. I would imagine that much of the selling at $1.40 and slightly above is from those trying to set a price for dilution. Evidently, this is speculation on my part. Should we get a money deal, that ceiling will be lifted and we are off to the races with a tight share structure in place. The alternative is dilution IMHO. I don't view dilution as all evil....especially if it is a bought deal near current levels and provides funding to move key programs such as Herceptin forward in an expeditious manner. Bfw
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