Directors making unsecured loans to the company!
Lately we saw the directors pretty much maligned on this forum , including conspiracy theories about selling the company off to big pharma. Turns out they're making personal loans to the company, a company which very well could go insolvent if their trials fail to have positive results. That shows so much faith to me. Awesome.
Here is my take -
this is the final shot. This is not going to happen again. This is like selling your grandma.
A 36% discount is brutal. What medicine. Lind has been ditched, but not without damage, as the contract had all these terms in it to stop invion backing out.
Their R&D rebate has been brought forward, again through something like a loan facility.
The company has 7-9 months to come up with the goods, or its over. Directros will be creditors, ranking ahead of shareholders in any insolvency. Hence I think their decision to loan rather than go into SPP.
CPN10 still does not have complete enrollment. That's rooted. How long does it take? Forget it. That and the trial design, my uneducated guess is that this is not going anywhere. It will be wrapped up inconclusively.
I think this is all about nadolol now. I don't get the 'streamlined' activities, isn't that what they were doing before?
That said, they have a decent shot with nadolol. Best in its class. Complete enrolment. great interim results.
Good luck to all.
Add to My Watchlist
What is My Watchlist?
