Having thought about it overnight I think this is a good move. Sure dilutive.
Gunning, this is right up his ally. This stuff probably works. Whether it will be first to market who knows. How long before something better comes along probably not long. Still these guys are delivering now. I think any day now Phase I will commence.
I'm thinking they might even do one more.
The risk is spread and my guess is they will want a partner to take on all the drugs rather than a different one for each.
NRT Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held