We don't know how much the CTC went down, but we d

We don't know how much the CTC went down, but we do know it went down and significantly. I suspect at the very least below 5. I personally liked the PR---I say bring on more fluff like that--but this one has probably been used to raise funds, hence the selling lately.

The problem is the raising cash with warrants. I sent this email 2 months ago when the sp was 40c. They could have raised cash at 30c then with no warrants, no sadly they have had to sell shares with warrants, some 30c shares, which is where all the selling has came from lately.

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To stop the bleeding share price...

2) Raise enough money to get to the BLA, like ripping off a band-aid, one big last offering to get to BLA. Sure some might sell, it might have a downward pressure on share price, but if people know that is the last one, selling will be much less.

3) Also since you got rid of Paulson, you should get rid non-restrictive shares with warrants. Go back to restrictive shares 6 month holding period with no warrants. How do you do that? You offer shares at 30c or 35c, restricted 6 months, no warrants, whatever price point that gets it done without warrants. Warrants was paulson's way of getting a free ride, sell shares hold warrants. I've seen other offering use the formula no warrants, but at lower reduced share price, restricted 6 months.

Look at the share price with the first big offering through Paulson with shares not restrictive with warrants, started the sp decline with this funding cycle.


4) Say you are going to raise enough to pay off notes or at least collect enough to pay monthly payments in cash and not shares. Don't let them convert. Their selling combined with the Paulson selling shares keeping warrants has driving down the price to this point.

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