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If you look closely at the end of the RedChip Interview it states:
TILS Have paid $5,000 per month for the first 2 months and then $7,500 per month for a further 12 months . So that's $100k. Is that on top of the $60k or have they renegotiated a slightly higher fee but over a much longer period ??
Either way, TILS feels that payment to RedChip in order to 'get their story out there' is a price worth paying.
can we read anything into:
Red Chip for4 months it’s a total of 60k (10 +15+15+20
ie are they expecting to have more news etc in month 4 - why is it spread like that
Morning all , I’ve just had another look at the Iv GC did with Andrew Scott from proactive on the 22/5 where he talks about the reasons why they are de merging StemPrintER ...
Bottom line is that in addition to Stem ...is that we have a truly awesome pipeline of therapeutic drugs or “4 shots on goal “as he puts it after explaining what they are
1)Tz501 anti covid 19 drug ,Fighting specifically against the biggest cause of respiratory problems with covid ... interleukin6
2)the liver cancer drug milciclib which is ready to go into phase 2 B
3/4) 2 x Phase 2 efficacy trials for “Foralumab “ the company’s “crown jewel“ the first orally administered for Crohn’s disease and the second is nasal administration for multiple sclerosis and both of which are due to start this qtr .
Then consider what kulwar said about the billions of dollars Tils will be worth if they do turn out as expected
My point is regarding the payments to Red Chip for4 months it’s a total of 60k (10 +15+15+20) but given what’s in store and what news is likely including both StemPrintER and those 4 therapeutic shots on goal I’d say it was definitely a good cost as opposed to a bad cost for absolute sure and in any business that is the ultimate bottom line when considering the underlying benefit of monetary spend.
The other big factor for me is that these guys clearly know what’s coming , they also know how to engineer and extrapolate maximum value for shareholders as their track record will tell u
As such I have to say I think the timing of this tie up with RedChip can only help in spreading the word about this excellent and forward thinking company ... but that’s just my take on it ...exciting times all the same GLA