I think allocating an additional $100m sends mixed signals because the company has been telling the market they are funded to run the Phase 3's themselves. I think that additional cash would be the buffer for the PH trial and unexpected costs that may arise. I was thinking $25m~ at most but I also understand if the company thinks no additional SBB after the $50m is exhausted. We know the selling pressure isn't gone (that's just the market) but at the very least we seem to have turned a corner momentum wise, and that's something. Let's hope it holds.
I do hope the theory about BT is correct. That would go along way to make sure our lows aren't repeated and we grind back to where we should be price wise.
NEU Price at posting:
$13.71 Sentiment: Buy Disclosure: Held
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