Anson,
We have talked about the money issue ad nauseum here. We are waiting for the company to answer that. They need to come up with the burn rate until revenue. First step is money to get to BLA submission. Get to that first and worry about the rest later. If you are a college student getting ready to graduate and make money, you pay payments on your 20k credit card debt until you make money. Same concept here. You will know when we know. Very quiet right now. We will see if that make the deal NP signed. If that deal is close enough, we might hear about that deal first, then financing next.
Unfortunately almost all the burn rate is going towards the BLA and safety data for mono. You want to shut that down? Eliminating salary yes, but you still have the mono trial and the BLA, cmo, etc. I've said once they have the mono pivotal approval and 700mg safety data, they need to shut off the current mono trial. With that they might get the burn to less than 1M, but they have 50 people working on the BLA, they need the safety data from the mono trial... all of that has to get done. I've also suggested to IR that NP reduce his salary until the BLA is done, but that really solves nothing, that is just to make us feel better, as again almost all the cost is going towards the BLA right now, almost all!
Anonymous
I guess yahoo is another liehub. We must be reading different boards, this board turned negative just two weeks ago. Have you not read the lawman's post here? Why are you still in the stock? I assume you believe the price will go up or this stock has potential otherwise why are you still in the stock?
It amazes me people sitting around posting why people are positive. I traded maybe 200+ stocks this year. How long do I stay on a message board that I think the stock has no potential? Zero time, Zero. I'm still positive because of the potential with the drug approval very close. They need to solve the financing problem as that is really the only item holding us back, but we inch closer to approval each day and we are still here. Also as I have said, could they solve the financing problem tomorrow by selling rights to UK for 30M tomorrow? I suspect they could. Could they sell 100M shares for 20c a share tomorrow clearing up the noteholder and getting cash to the BLA? I suspect they could and that would free up 50M shares held by the noteholder. Since they do have a couple nuclear options that could solve the problem, I am not concerned at the moment.
Quote:What about the NOW. Tell us how the company is raising cash so it can continue handling its huge current payable debt
We have talked about the money issue ad nauseum here. We are waiting for the company to answer that. They need to come up with the burn rate until revenue. First step is money to get to BLA submission. Get to that first and worry about the rest later. If you are a college student getting ready to graduate and make money, you pay payments on your 20k credit card debt until you make money. Same concept here. You will know when we know. Very quiet right now. We will see if that make the deal NP signed. If that deal is close enough, we might hear about that deal first, then financing next.
Quote:This company needs to freeze its ongoing liabilities by eliminating egregious salaries, close down all unnecessary activities
Unfortunately almost all the burn rate is going towards the BLA and safety data for mono. You want to shut that down? Eliminating salary yes, but you still have the mono trial and the BLA, cmo, etc. I've said once they have the mono pivotal approval and 700mg safety data, they need to shut off the current mono trial. With that they might get the burn to less than 1M, but they have 50 people working on the BLA, they need the safety data from the mono trial... all of that has to get done. I've also suggested to IR that NP reduce his salary until the BLA is done, but that really solves nothing, that is just to make us feel better, as again almost all the cost is going towards the BLA right now, almost all!
Anonymous
Quote:You have to remember that is the "pump only" board. If anyone dares to be negative or question Nader's integrity, they are soon gone.
I guess yahoo is another liehub. We must be reading different boards, this board turned negative just two weeks ago. Have you not read the lawman's post here? Why are you still in the stock? I assume you believe the price will go up or this stock has potential otherwise why are you still in the stock?
It amazes me people sitting around posting why people are positive. I traded maybe 200+ stocks this year. How long do I stay on a message board that I think the stock has no potential? Zero time, Zero. I'm still positive because of the potential with the drug approval very close. They need to solve the financing problem as that is really the only item holding us back, but we inch closer to approval each day and we are still here. Also as I have said, could they solve the financing problem tomorrow by selling rights to UK for 30M tomorrow? I suspect they could. Could they sell 100M shares for 20c a share tomorrow clearing up the noteholder and getting cash to the BLA? I suspect they could and that would free up 50M shares held by the noteholder. Since they do have a couple nuclear options that could solve the problem, I am not concerned at the moment.
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