3. Raise, based on successful updates, at a higher price
4. Sell / partner after ph1, ph 2 - depending on market interest / data quality
CHM / IMU / RAD have failed over the past 3 years to raise at higher levels. The opposite was the case and CHM and RAD clearly demonstrated what the final outcome will be if that way is the model. RAD got ( hopefully ) rescued, IMU still alive but CHM can't survive that way.
IF they can't raise based on data quality then either the quality isn't good enough or seen as not good enough or the business isn't worth to be continued. Selling / partnering CHM 1101 should be done asap. First time we got told that it isn't going to benefit at this stage.
Sometimes things won't work out as planned but then a decision must be made, even if it's painful. I just hope we won't get "enlightened" about IMU being in a similar situation. But with the same man making the decisions - or even worse, making no / wrong decisions - it is a huge gamble.
CHM Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
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