I am in between. I don't need, or want, to see a "
Post# of 155057
(Total Views: 563)
Posted On: 07/10/2022 5:57:53 PM
Re: Evil Rabbit #126268
I am in between. I don't need, or want, to see a "plan" and agree that such a plan in public is not in our best interest. Too many people around to twist what would inevitably NOT be included in said plan, whatever that might be. But I also want to see some action by the Management and BOD that the best interests of us retail shareholders still has meaning.
To be clear, I want to see a BP partner, or major financial player, join us by August 31 with ink dry on a contract. My concern is if we don't have this backing in place, it can send a message that the additional 350M shares is needed to "keep the lights on while we GIA." Shorts would love nothing more than run with that narrative. Having a partner, or some sort of "whale" pony up, at a minimum 9 figures, to aide our cause, sends the clear message that we are legit and well on our way. Without this assurance by August 31, it is difficult for me see how we will not see another 350M, or whatever the need would be, ask in another 6-9 months.
To date, our outstanding shares are in the neighborhood of 718M. We can still raise money with more than a quarter-of-a-billion shares worth of funds using up already-approved shares up to 1B. I believe the company has enough data, has had enough time, and has the right people in place to pull in some deeper pockets. By doing so, we know they believe in the drug as much as we do and now have their skin in the game. My retail skin is stretched pretty thin.
To be clear, I want to see a BP partner, or major financial player, join us by August 31 with ink dry on a contract. My concern is if we don't have this backing in place, it can send a message that the additional 350M shares is needed to "keep the lights on while we GIA." Shorts would love nothing more than run with that narrative. Having a partner, or some sort of "whale" pony up, at a minimum 9 figures, to aide our cause, sends the clear message that we are legit and well on our way. Without this assurance by August 31, it is difficult for me see how we will not see another 350M, or whatever the need would be, ask in another 6-9 months.
To date, our outstanding shares are in the neighborhood of 718M. We can still raise money with more than a quarter-of-a-billion shares worth of funds using up already-approved shares up to 1B. I believe the company has enough data, has had enough time, and has the right people in place to pull in some deeper pockets. By doing so, we know they believe in the drug as much as we do and now have their skin in the game. My retail skin is stretched pretty thin.
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