Im just curious. At an investment summit of this type, would a company with a share price of 2.2c and market cap where it is actually be taken seriously. It would seem the current dire position would have a negative effect on investment potential as well as new client`s willingness to commit to collaborations. At least the price seems to have some strong support at 2.2 but if it stays at these levels finance and collaborations will fade away one would think. Every quarter expenditure would need another 70 million shares issued at current price to cover costs if and when more cash is required. Of course just one significant milestone or license could change all that!
The worry is even 2 more deals we are expecting will peobably only provide 2 mil if they ever sign, only anorher quarter. We have to start asking is there anything in this library that is of value to anyone? Surely the 4 current collaborators would be getting excited by now if so- i believe there is talk of at least one current client signing further deals so who knows.
PYC Price at posting:
2.1¢ Sentiment: None Disclosure: Held
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