RE: So much whining on here11 Jul 2021 09:25
Just for clarity: I mentioned Loan notes in my reply to Yuri.F, as he stated:
'a) printing shares every year
b) making losses'
I have written it again in a clearer manner.
Yuri.F - We could have gone down the route of a joint venture with a big pharma and give away 50% of the future £billions of value this company is likely to have.
Yuri.F - How would you raise money for research?
Would it be through Loan notes with warrants attached? ( This is normally a good way to write a company off through dilution and pretty quickly).
IMHO, TILS raised money at a high price as did many Pharmas, well done.
I believe governments made money available to medical research companies through Investment houses.
They dish out $m's to various Pharma's researching Covid etc via investment houses, the prices are elevated, shares are issued, then investment houses sell the shares below the issue price and return the leftover cash to the governments minus their fees.
With TILS $57m raise, the shares could have been sold on the way down at an average of 150p, approx 25% down. Cost to Governments ends up being massively reduced ( may be $17m to fund the $57m ). PI's left holding the loss, unless they have a break through.
BB