Good chat gents.
I would add that I have lost a bit of trust in the BOD, so to participate in the SPP for me is still unknown. Even after a long chat with their telecentre call on Monday. Trying to pump support for the SPP.
I went long only a few months ago as the results have been suring up, but also
1. BOD did a CR last year, so $150M in cash, so no more CRs for 4-5 yrs on their 30M/yr burn rate.
2. BOD keep saying 'believe the science'
3. Cash on hand will be used to take advantage of any market opportunities (purchases).
4. YFs presentations
5. Expected cohort results becoming available in the next few months.
6. The Azer purchase states it will be out of "existing funding".
Then bang, we get hit with another CR but with SP decimating terms! Not happy. Very happy with the Azel purchase, no questions there, really good bolt on aquistion.
So why should I trust the science and trust the BOD if they don't trust their own speal? If they did they would have waiting until December and Insto's etc would be throwing money at us trying to be apart of this magnificent science that YF has created. Steini (?) mentioned 12, I would have thought even higher if the science is that good?!
I just don't get it? So LC has not promoted this well at all!
When is the next CR???? I could possibly wait now for that as I have enough of a holding for this speccie? Hence my apprehension to take part in the SPP.
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