RE: I think,23 Jul 2024 12:41
They wont take it private, but they will certainly have to find a significant amount of money to cover development costs. The fact that James has so much control will deter funding institutions who will want to protect their interests. I think they said funding this quarter so we will have to see what happens, but asking investors to pump this stock is a tell tell sign that they need to raise the price to improve the dilution level. I cant see anything other than a painful CLN with a very low conversion level, or a placing with significant warrants and a premium price. Im going for 2.0-2.5p with 1p warrants... Even that sounds too high based on where the sell price is currently
San