Raised $1 mln at $0.13/share when stock is $0.19 tells me this company is desperate for funding
Raised $1 mln at $0.13/share when stock is $0.19 tells me this company is desperate for funding. Check the news this morning. If there was so much of licensing revenues coming why would they raise just $1 mln that too at nearly 50% discount? Not looking too good.
Bonanza just invested in the company, super-duper. Those shares are not open market shares that they can sell anytime soon. This does go to show the plaintiffs that BCYP is here to stay and can raise money at will. Two large scale investors just showed up on BCYP's doorstep before the markman. Does this sound familiar? That is exactly what happened at VRNG. This tells the plaintiffs that they are here for the long run, that a trial will not bk the company. This is MAJOR positive news.