12 months of financial resources
posted on
Jul 30, 2016 09:10AM
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