Jun. 12 at 8:01 AM
$BCTX SP action pretty depressing, I get the frustration and I feel the same way, but I personally think that we‘ll have some bright days ahead of us, just my 5 cents on the current situation, this is not financial advice and everyone should take my assumptions with a huge grain of salt, I could be absolutely wrong but here‘s how I see it:
- 10Q was pretty solid, they don’t have a lot of cash but that’s no news, it’s one of the major reasons the sp is under pressure, most important part for me is that the management didn‘t hint at any major delays in the Ph3 study, in contrary they highlighted the momentum etc.
- the last offering is a very bullish sign for me tbh, that seems counterintuitive but let me explain: Back in January they raised 30m, they obviously thought that this will easily bring them to the major catalyst and beyond otherwise they would have raised more
Now they raised money for one additional quarter, an oddly tiny amount, if the Ph3 study should fail they are done
