I know there has been much speculation as to a deferred IPO and in general most would say while not ideal it's not crucial to the success, moreso the P/O's are.
However, reading the QVT deal details once again, I think a delayed IPO would have a "major" impact on the company and send it's share price reeling.
The additional 6m shares and a cash payment is diluting the company equity 10% and will have a huge impact on cash flow (let alone confidence, you can't live on borrowed money forever).
I now take the view that an IPO this year is vital unless they can restrucutre the QVT deal (but it will cost them)
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Change
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Mkt cap ! $7.184M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 261259 | 0.025 |
1 | 220000 | 0.023 |
1 | 50000 | 0.020 |
1 | 27833 | 0.018 |
1 | 99888 | 0.008 |
Price($) | Vol. | No. |
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0.027 | 200000 | 1 |
0.028 | 2012352 | 1 |
0.030 | 166667 | 1 |
0.031 | 195000 | 1 |
0.033 | 24575 | 1 |
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