"Logic says Itescu was organising alternative financing facility during the 2 weeks, which is a fund he can draw on as required. It's not like you can just pull that out of a hat. It takes time."
I have to admit it.
I took you off ignore because I was curious to see how you were responding.
And, no surprises. In this very first post of yours I find the same drivel from you that has permeated these threads for years.
An equity finance facility is not "a fund that he can draw on as required".
It is something decidedly different.
And an equity finance facility can virtually be "pulled out of a hat".
You just call your corporate advisors and they commission a stockbroker to execute it for you. Takes a day, two max, to initiate.
Certainly doesn't require 2 weeks of organising.
This is a bit like you saying that the NASDAQ listing was going to be hugely positive for the stock price, or that Celgene extended the ROFR because they needed to raise capital.
You simply make stuff up as you go along.
Zero value add.
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