2017...2018?, page-4

WAG,
In my opinion, that's a good point you make with regards to "relatively low cost" P3 surprise for the board and if this is the case then we need a CR, because money from Lanstead is not enough. I am thinking that we need around $30-35 mils, in addition to $11-12 mils (at current price) from Lanstead to be on the safe side and get through P3. The question mark is the CR share price, I believe there are willing institutional investors to take the relatively low-medium risks and come up with the money. If the issue share price is in this $3-3.30 range which is not necessarily unheard of in comparison with the current share price (but is also wishful thinking from me) then I would personally support such an approach rather than sell the company for $6-7/share - I believe there are currently such T/O offers on table - and cut any upside from the future.
$35 mil @ $3 means 11.6 mil shares which is not a high percentage dilution and acceptable for me in order to go alone to P3 and have all the upside from a successful P3