(Total Views: 478)
Posted On: 02/17/2020 10:08:00 AM
Post# of 72436
It's hard to tell. Obviously any of those names would have more recognition but the terms are still the same. We needed cash to hold us over to a larger deal or some larger milestones. $450K and possible $1M upon starting a phase 3 did not cut the mustard.
As long as we are selling 5-10 million shares per month to fund the company the shorts have the high ground in keeping the price contained. Once a sizeable upfront is secured the use of the MFO will cease and our stock price will jump to a new floor. Any short presence will be routed and forced to unwind at that point.
As long as we are selling 5-10 million shares per month to fund the company the shorts have the high ground in keeping the price contained. Once a sizeable upfront is secured the use of the MFO will cease and our stock price will jump to a new floor. Any short presence will be routed and forced to unwind at that point.
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