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Cyclacel Pharmaceuticals, Inc. Message Board

  • tsohn4 tsohn4 Dec 17, 2012 10:06 AM Flag

    agreement to buy

    "Aspire has committed to purchase up to $20 mln of Cyclacel's common stock from time to time as directed by Cyclacel over the next two years"

    Over the next two years is not a good sign imho. Its telling me we will not be approved in the next year or two and sitting at 4 to 6 dollar range for a long time.

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    • This tells me, the company knows it will be able to get a higher price at a later date. However in the near term they can use cash to continue on their way to prosper on Sapacitabine. They are using common sense and not rushing into immediate dilution. This is a very smart move. Slow and easy, they will have the security of knowing they can get funds in the future. Buy this stock for a long term hold. Good luck all.

      Sentiment: Strong Buy

    • Your point is nonsense. CYCC has the right, but not the obligation to do this financing at time and price of their chosing. They paid 74k shares or about $400k for this option, which is not bad at all and prudent to have. For example, it will enhance company position at any buyout talks (they won't be desperate to get bought out). No one reasonably expected any approval this year and beyond that nobody really knows.

      Sentiment: Strong Buy

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