Thank you, probably some of the selling today, it
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Posted On: 04/10/2019 7:01:42 PM
Re: Bored Lawyer #1847
Thank you, probably some of the selling today, it seems someone is always tipped off. Meeting is in 6 weeks, May 22nd. They have been doing small offerings the last two months to cover their cash burn, presumably until a license deal is reached. We should learn a lot more information between now and May 22nd. It would greatly help to announce the first injection of TNBC, which I’m guessing will happen before then, maybe soon with the info misiu posted today. We might also learn more about the safety data and timeline for BLA, and the mono pivotal trial among other items.
The cash burn as posted in the 10q should drop, my guess from 4.5M down to 3.5M or so a month. With most big money raised for the CMO, I believe they will slowly raise 3.5M-4M per month until the deal is finished, which could be done before this May 22nd vote. The AS needed to be raised anyway to cover employee stock options, so 100M gives them some room for that along with anything else and negotiation leverage. So, I wouldn’t read to much into this. I’m certainly not expecting another big 30M cash drive with the increase as was done twice last year to help with the BLA.
Maybe we get a good PR tomorrow morning or an explanation from NP soon.
The cash burn as posted in the 10q should drop, my guess from 4.5M down to 3.5M or so a month. With most big money raised for the CMO, I believe they will slowly raise 3.5M-4M per month until the deal is finished, which could be done before this May 22nd vote. The AS needed to be raised anyway to cover employee stock options, so 100M gives them some room for that along with anything else and negotiation leverage. So, I wouldn’t read to much into this. I’m certainly not expecting another big 30M cash drive with the increase as was done twice last year to help with the BLA.
Maybe we get a good PR tomorrow morning or an explanation from NP soon.
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