As a last resort they partner.
In 2017 they will be forced to partner .
dont think they can raise anywhere near the amount of money for a p3 on their own.
Working for the bad guys.
Me and my bud i highly doubt get checks signed by loar or bill or hfs.
Your statement of a roche partners with us real soon goes against what our great posters have said .after speaking with mgmt.
Cpee as i said bt some shares in the 70s just in case lameone was right about good os data and or a partnership...now we b ib the fittys and lamejake did a 180..Could u b right ?of course but history and mgmts actions say most likely not
They answered the cash burn question without it being asked.
were not they subbing out much of the trial work.Thought i read that or heard that.
Your bud told u 4 hours before what was likely to happen.
Cp expected it and informed the mb and low and behold our mel posted the news timely.
I did not post this negatively or bash.
Just to confirm what jpn told us awhile back.They r limited to only raise 1third of mkt cap a year.
As jpn said like 4mil or so which is only 3 months cash burn.
Imo i think the rs and hopefully the equity inc options mgmt gets voted down.
last year the increase to auth more shares got voted down even though the pr said the opposite.
We got like 20plus of the 42 recordholders here all or most voting no..
So many moving parts here.Some will b gone after votes r tallied.
Doing a raise for 3 months cash and then not being able to do one if the stock doubles or triples if pos interim results are announced early 17 makes no sense..I think mel said what the 10q said if we get delisted may not b able to do a raise.
Thanks to all the posters who shared their share count and to the ones who shared their conversations with mgmt.
have filed a shelf registration statement on Form S-3 with the SEC, covering the sale from time to time of shares of our common stock and other securities, which may provide us the opportunity to raise funds when we consider it necessary or appropriate, at prices and on terms to be determined at the time of any such offering. However, pursuant to the instructions to Form S-3, we only have the ability to sell shares under the shelf registration statement, during any 12-month period, in an amount less than or equal to one-third of the aggregate market value of our common stock held by non-affiliates. Our ability to access capital when needed is not assured and, if not achieved on a timely basis, will materially harm our business, financial condition and results of operations. Our ability to raise additional capital could also be further impaired if we are unable to comply with the listing standards of The NA
Cpee posted all the options warrants overhanging us and used cpees math skills to figure out cash burn over next 16 mos based on what mel posted..some props por favor
Cochese.after all i have done.It was funny though
My 180 day rs graphics.
So so true
My 4 hr post before it happened
Just call sepee, senor crystal ball
Sand 4bagger.great post.
Jpn said it best.
In the middle of the voting period.THEY DONT GIVE A FLYING EF ABOUT US.
we knew it before.We know it now and we will know it in the future
Cpeewee set the table and melrose delivered.
Cpee brings the mb probable news 4 full hours before it is released to the world
March 31, 2016 December 31, 2015 (in thousands)
$3.40 1,460 1,460
$2.80 147 147
$2.75 1,872 1,872
$2.56 293 293
$2.90 2,700 2,700
$3.70 216 216
$1.71 2,920 2,920
$2.13 234 234
Total Warrants Outstanding
The following is a summary of the Company’s stock option activity under its equity incentive plans:
for Grant Options
Value (in thousands) (years) (in thousands)
Balance at December 31, 2015
2,695 2,031 $2.01 8.44
(1,942) 1,942 $0.73
112 (112) $3.32
Balance at March 31, 2016
865 3,861 $1.59 8.98 $129
Vested and exercisable at March 31, 2016
486 $3.11 7.41 $—
Vested and expected to vest at March 31, 2016
2,614 $1.49 8.71 $73
Unvested at March 31, 2016
As of March 31, 2016, there was approximately $1.4 million of unrecognized compensation cost related to stock option awards that is expected to be recognized as expense over a weighted average period of approximately 3 years.
Did not look yet.i will do quick math assuming the 23 mil is as of mar 31 .
so assuming lameone is right (middle end of june trial starts).so june 30 cash say 18 to 19 mil.
so into 3q means july 2017.So 19 mil lasts 13 months.Folks.1 5 mil month cash expected burn july 1 16 to say july 31 17.
Cliffy.does that make sense getting the 80 patient trial up and running for 13 months?
Go to jpn mort.does it make sense?
Cepee tells the mb 4 hours ago what should happen .Bam
Mel brings the news to us 3 hours later.Great work melvin.
Of course they were going to release on a friday ah with no cc.
me and mel r the new oxgn mb team.