Hi Eire, in a effort to present a nice tight list of questions can we assume some of them have been addressed by WP in the interview by Kochie.
My concerns are not the science but the total funding needed to see this to completion and that unless funds raised at far higher levels the concern that this company will be acquired by opportunistic entities, refer to RAP as a example of this.
Every future placement will be a double edged sword; (unless done at far higher levels) funds to progress the science versus shares issued ‘below’ true value that can be sold off into pumps and hindering sp growth.
I am starting to think that a offer of $50 might be in fact a good outcome, especially so IF future funding required to bring this to fruition is in the hundreds of millions.
At a future outgoing of 40 million per year times the three year timeframe given by WP till ‘in the money’ then IF this is accurate then a take over bid should be imminent (would be a reasonable expectation). IF not which of the above two assumptions are incorrect?
imo.
AVR Price at posting:
$16.75 Sentiment: Hold Disclosure: Held
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