Well I'm very happy that the IPO struggled a bit and ended up being a much smaller dilution than the originally intended 2x. BLT got enough cash from the IPO to take it through the trials, and then if and when the trials succeed ("efficacy") they can raise all the cash they ever dreamed of with another modest dilution. Today's sp is meaningless. Only the pudding proof has meaning.
Maxim raises price target to $23?, page-20
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