Ive been Reading all the talk about licensing/co-development deals ect ect to get the funding. What a load of rubbish, deals are not done that quick.
The only senario is funding being secured from one of our major shareholders, be it Orbis, Jagen or Start-up, Orbis being the most likely followed by Start-up.
Now the positive stuff is this
Funding will be sorted in the next week and a half.
Phase III will commence in the next week and a half.
And regardless of how you divie it up
The Fonda Market is now $500 Million Globally and if nothing else changed
30% market share going forward is %*&6 Loads
30% is 166,000,000 after costs and Reddys 50% is about $ 55,000,000
$ 55,000,000 is slightly more than the market cap today
Its a screaming buy
Everyone go home and relax
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