Regal is hoping to force them into a capital raise…..their reasoning I think revolves around the cost of getting Revascor to market and running confirmatory trials also they are running CLBP trial at the moment
These trials cost a packet….so the shorts are piling in to make MSB raise capital at a price higher than what it would be if Regal keeps on pushing it down
It is a risky play as an announcement about a successful FDA application before raising capital will cause a short squeeze
Personally I understand their play but Regal after the OPT debacle obviously is putting it all on black
Could end up saving them or putting Regal into a death spiral
I prefer the death spiral for Regal as the wooden stake through the heart has not worked with these buggers
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