I took at look at part of the idiots last zoom cal
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Posted On: 10/04/2021 11:07:27 AM
I took at look at part of the idiots last zoom call.
Ziff and Bain had supposedly been looking at the company since July 2018 and were looking at a $60 million loan based on oncology. A protocol for oncology was not filed until October 2019 and then Pestell delayed the trial. In April 2019 when the meeting took place there was no protocol in place, there was no trial and the delay upped the risk factor substantially for Ziff and Bain and would have deterred them. Ziff and Bain would have insisted on securing the loans with intellectual property.
It's a damn good thing the loans didn't take place. With the various delays the loans could have been called, the IP turned over to the creditors and all the shareholders would be wiped out. Yet the 13d would lead you to believe that everything would be fine and dandy.
Ziff and Bain had supposedly been looking at the company since July 2018 and were looking at a $60 million loan based on oncology. A protocol for oncology was not filed until October 2019 and then Pestell delayed the trial. In April 2019 when the meeting took place there was no protocol in place, there was no trial and the delay upped the risk factor substantially for Ziff and Bain and would have deterred them. Ziff and Bain would have insisted on securing the loans with intellectual property.
It's a damn good thing the loans didn't take place. With the various delays the loans could have been called, the IP turned over to the creditors and all the shareholders would be wiped out. Yet the 13d would lead you to believe that everything would be fine and dandy.
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