Posted On: 11/10/2014 6:02:30 PM
Post# of 30034
Re: biotechmania #10448
What about this statement is unclear about how they are funding their planned studies through 2015?
Quote:And this is based on the original 1 Billion authorized shares, not the additional shares added with the shareholder vote. Nowhere in this statement was LymPro revenue a consideration.
Notwithstanding the tremendous fundamental growth the Company is experiencing, we recognize the primary concern to our investors is dilution. To this, I will note that we already have, within the existing cap structure as of today, access to $18M in financing from our Lincoln Park facility and $5M through the exercise of warrants. This capital would be sufficient to carry us into 2016.
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