Having the financing available as a back-up puts I
Post# of 72447
(Total Views: 320)
Posted On: 05/16/2019 11:02:31 AM
Having the financing available as a back-up puts IPIX in a much stronger bargaining position.
The WORST position is to be like OCAT was -- they were attacked by Mako repeatedly, with articles almost identical to the CTIX hatchet job ("empty offices, bogus science"} but unlike CTIX/IPIX, OCAT had taken on a huge load of toxic financing and their back was to the wall -- their choice was a bad deal or bankruptcy. They took the bad deal and shareholders lost lots of money.
IPIX is totally different. There's still have a very reasonable share count, the company doesn't have significant debt, and they have money available if needed. They know that they can't offer a "take it or die" deal, because IPIX doesn't have to take it.
The WORST position is to be like OCAT was -- they were attacked by Mako repeatedly, with articles almost identical to the CTIX hatchet job ("empty offices, bogus science"} but unlike CTIX/IPIX, OCAT had taken on a huge load of toxic financing and their back was to the wall -- their choice was a bad deal or bankruptcy. They took the bad deal and shareholders lost lots of money.
IPIX is totally different. There's still have a very reasonable share count, the company doesn't have significant debt, and they have money available if needed. They know that they can't offer a "take it or die" deal, because IPIX doesn't have to take it.
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