Looking at the "investors" in the 8k... Apparently you could put up as little as $25,000 to get in on this deal. Raise your hand if you currently have more than that invested in GTHP. I guess I should have picked up the phone. A mixed bag though, one hedge fund that I would rather not have seen on the list. It's a little annoying to see this deal after the CEO only spoke about financing "post FDA approval" on the last CC. Sorry, bad form.
That $25K was put in by Dr. Ron Hart, a Board member, and according to the proxy "as a former FDA bureau chief, he advises the board and management on our FDA relationship and strategy". It might be a small amount but if he thought the wheels were about to come off at FDA why bother. I'm glad he showed his support.
Not true. When asked, CEO would give zero info about the financing. All he said was they have a plan in place. Maybe he should have gambled on FDA approval and new shares sold at higher prices; we'll never know now.