lol ItsGas you really get your feathers ruffled and set out on the attack path :-)
Look at my single line post pointing to $3M CaB & the need to raise significantly larger funds IF they are to take 1103 into Phase III alone as you imply & yet you get all uppity and loose your skirt. Calm down
I've pointed to cash for a while & the strength gained if they significantly bolster bank for both strength in any negotiating position or to take 1103 alone through Phase III.
FWIW I give the newly listed options the faintest chance of any conversion near term not so much just being out of the money as it wont take much at all to change that picture but with 3 years of life left on them there's no chance people will throw that leverage away in the next 6 months - especially here with i'm assuming many buying far more than they have the ability to convert as is often the case with penny options. Sure they will provide significant inflow to the company at some point closer to expiry (assuming of course things play the right way) but i'd say at this point investors are primarily holding them as trade parcels for leverage.
ANP Price at posting:
16.5¢ Sentiment: None Disclosure: Held
