RE: Could Vlad be Father Xmas17 Dec 2020 20:34
I'm normally more circumspect, but I'm a bottle of wine down. Theoretically worst case (for all of us!), we have raised £60m of capital to invest in the portfolio of product candidates we all tout as the reason we're here. Best case CDX deal arrives and we don't need any additional funding. Mid-case (what tends to happen is always somewhere in between) - we will have £12m in Jan / Feb to keep plugging away at developing our products, collaborations and IP (can't do it for free). We know a successful product is likely worth $billions. None of us can reasonably expect every product candidate in our portfolio to be a success. We just need one and we need to be prepared for disappointment if it's not the first. As for CLN dilution...billions diluted is still a lot of money relative to where we are.
OK, not going to do the maths on my above statements at all, but that's the last of me being overtly positive...back to spending that currency on festive cheer.