RE: Thoughts26 Jan 2023 14:38
Gents, my view is park the sour grapes - Vlad's done nothing wrong here. Read the rather nice brief that someone wrote earlier in the day about if at the start of the year we were told we'd be in the position we are now vav share price and cash in the bank, we would have all leapt at it. This is dilution, yes, but it's not a tragic amount.
There is a lot to be said about having a bit of a war chest to avoid being where we were in the CDX discussions. We were always going to need more at some point and you don't do fundraising when you have burnt through all your cash. We likely could have lasted longer into the year, exactly how far I don't know, but there is now certainty, the ghost of fund raising past doesn't get to haunt us for a while...more cash in the bank and no warrants or other stuff attached to the placement. It feels like they didn't approach LTH who they have approached for placements before (me included) which suggests they didn't need to as the amount they wanted to raise was already covered...that's a good sign of appetite and that they weren't rushing out looking to raise as much money as possible.