Longs, hope for a massive offering. Hope that GALE raises $50m with offering. Then, they will have over $70m and their prospects become much brighter.
Think about it, if GALE can raise more than $30m, many of the fears of dilution will die down. This offering will be used to market Abstral. The current cash balance will give them enough to fund operations for one year. Hence, this gives GALE more than a year to build Abstral sales and use the proceeds to generate enough sales to avoid future financing.
In many ways, this could be the start of a new era for GALE, and the perception of the company -- if Abstral is successful
PPS was stuck around $2.00 way too long.
Extra cash will improve the balance sheet and LTD.
This is what WS looks for before investing.
We then could attract institutions which will immprove the price of share.
i agree this will be good.