robhood, you stated:
"Yesterday's announcement has provided no detail. What does it really mean to shareholders?"
The announcement means that Prima Biomed, via its wholly owned subsiduary Company, has secured a very favourable deal with a leading and highly reputable international Company to carry out testing and eventually commercialise yet another outstanding product with huge potential, AND WE PAY NOTHING AND STILL GET 70% OF THE PROFITS!!!
Thats enough detail for me!!!
Thats at least 3 exceptional string the Prima Biomed bow now has.
Im a little surprised that a)the ensuing rally didnt last longer, and go higher, and b) it was sold down so heavily, so quickly. As someone else posted, ST more than likely dumped into it...again!!!
Just on ST...yes they were a good deal to begin with and saved our bacon in a time of need, but now, IMHO, Prima Biomed has the runs on the board, and the potential, to secure a much more favourable funding arrangement.
yesterdays announcement, page-2
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