I agree that the sp should drift down over the next few weeks but as I said in my post on "dilution" the situation is not as bad as you may think.
Given that the market has sustained a levels of up to 3.6 cents since the announcement and that the LJ agreement had huge dilution built in, it would seem that the market has already factored a large amount of dilution in the current price. The new announcement's affect should therefore only be the difference between the LJ dilution (assuming the full $6M was still being advanced) and the new arrangement.
I hope that this difference will be more than wiped out when the company announces its partner for the HIV project later this year.
BLT Price at posting:
72.5¢ Sentiment: Hold Disclosure: Held
