I'm thinking maybe some sort of collaboration with a big pharma might be next. Seems logically they need to raise at least 20 million in the next few months to keep going for at least another year. With the family holding such a large percentage of the company and I guess so few shareholders in total it would be hard to get close to that with a spp I expect. Previous cr Investors who put in 26 mllion + are still down 60% on that though maybe they made some money shorting it who knows. That last broker report seems to suggest there won't be any updates or results out on UTI or burns until late this year, I'm thinking long after this cash is required so very interesting times ahead. I really hope they can find a way to get this re rated back where it belongs. Hard to believe an anti biotic that works as they claim has so little value? 100m mc now seems very low
RCE Price at posting:
55.0¢ Sentiment: None Disclosure: Held
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