Ann: PAR Successful Placement and Fully Underwritten ANREO, page-81

here's what I know.
+ lost more money on this then I ever dreamed imaginable
+ incredibly upset at par and myself
+ but the drug still works
+ I've been told north of 20 conversations have struck up in different regions for regional oa / mps deals since 12 month and structural data was announced. if that's a lie then par will be sued into oblivion so I presume it is true.
+ Chinese wanted to see cash in the bank before committing hence the cap raise.
+ PR has been telling insto's 6 months max to a deal / deals
+ bells structured the options to be in the money if a deal strikes
+ solid insto take up from long only real money for the first time in years.
+ they funded the min amount to get them to a deal. if they funded anymore at this level it would have been even more of a killer than it already is.

my takeaways
+ Paul has played a bad game of chicken with partners / the market
+ he has miscalculated badly
+ if he can strike deals then we will be singing his praises
+ if he can't then there really is no hope.

so it boils down to can they print a deal. if u think it's yes then we lick our wounds and wait. if u think no, time to go.

I'm waiting as i am a bit trapped but mainly I have seen nothing from the drug that tells me it doesn't work and it has value.

im in the camp of great drug / weak management and im hoping the former wins out.

not advice folks