Halelujah! We broke 80 cents!, page-39

If TT-034 is a failure, shares will be at a huge discount to cash on the basis that the cash will all get burned flogging the dead horse. IOW we all lose all our dough anyway. And if TT-034 fails, what reason is left for holding on to the shares? Oh look, the company's still got a few weeks' director/manager/agent pay in the bank so they won't go bust till Christmas! Face it, the only beneficiaries of that approach are the directors/managers/agents whose pay keeps them afloat while they look for another job.

Now the way they may be playing it is this : if the trials aren't going well, do the IPO early. If the trials are going well, delay IPO till after announcement. The principal drawback with that approach is that it is, and rightly so, illegal. I hope like h*ll they aren't playing that game, (and I really really don't think they would) but if they are then I would be lining up with those calling for them to be thrown into jail.