Sep. 9 at 5:34 PM
$BCAB Hmmmm.... optimism. How refreshing. Frankly, I am more confident right now in the prospect of collaborations, partnerships, and even buyouts than I've been in the past.
Facing delisting on two counts is enough to make any CEO and its company board hustle for the finish line. Jay has virtually NO OTHER CHOICE.
I'm sure that it's a bitter pill to swallow; losing complete control over the good science you've created and the direction of the company, but it must be done, or phase three for OV will not happen. It's pretty much a do or die situation.
A reverse split won't fix things. I'm hardly worried about that. Why do an RS when you're still probably going to delist for insufficient equity anyway?