Very good post! Which is why I believe they are
Post# of 30025
Posted On: 08/06/2016 11:38:53 AM
Re: investorxc #23761
Very good post!
True, this is indeed an very good tactic for negotiating!
Thanks for bringing this up.
Lets hope the reverse split won't be neccessary at all and they make a good JV deal for ESS with lots of upfront money to take out the toxics and move the company and ESS forward to good phase II results.
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Which is why I believe they are doing this as a back-up plan if they are unable to finish a deal for ESS in time before they need more money. But hopefully if they get enough cash they either cancel the RS or maybe do a small one next year. Fred said a couple months ago the RS was no longer being considered. Remember they also said they were doing a RS in June and never did. I am guessing the negotiations have either stalled or just taking longer than they thought. This may also be away of negotiating with the partner at the table to show that they are willing to walk and continue to dilute the SH instead of taking the deal offered. Hopefully we'll get some news soon.
True, this is indeed an very good tactic for negotiating!
Thanks for bringing this up.
Lets hope the reverse split won't be neccessary at all and they make a good JV deal for ESS with lots of upfront money to take out the toxics and move the company and ESS forward to good phase II results.
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