How much do you think FF chipped in to further validate the strategic partnership?
Zero. Zilch. Nothing.
You see any change in substantial holding notices ? Me either.
There should be one if they go below 5% and I expect they will go below 5%.
From FFs point of view why would they put up dollars to fund trials at their own risk when they can get the benefits (in my opinion - they do actually want to see cell therapies become a thing (they always wanted to manufacturer high value cell products) and they do actually want their own IP in iPSCs and blood products to be developed (so GvHD would be good by why should they pay?) - altruism?) from leaving Ross in place and having Ross have the shareholders fund the trials - FF can always come back later and pick up the whole company for cents on the dollar as Ross and the management team recommend a takeover at some multiple of whatever the share price has slumped to. Then declare victory like Bush on a battleship with Mission Accomplished. Say 15 cents for a 3 times share price.
CYP Price at posting:
16.5¢ Sentiment: None Disclosure: Held
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