Feb. 14 at 5:35 PM
$TRIB $TRIB They made a last-ditch effort to close above
$1, but it didn’t seem to be a priority. In the end, it won’t matter if the CGM actually works.
Why go through this whole arrangement with Perceptive if it doesn’t work? Perceptive would just say, “hey, you tried, now sell the company and give us our money back.”
The deal is structured so that Perceptive benefits if the CGM is a hit, and also minimizes dilution depending on the prices at which Perceptive would convert and sell.
So, that would all seem to be bullish, but yet they’re not willing to give any good news about the CGM at this time merely to prevent the listing warning.
Will have to wait for more clues.
