Mar. 11 at 11:55 AM
$TRIB Why “randomly” pre-announce Q4?
1) Get the bad news out of the way so it does not spoil the coming big news.
2) TRIB cannot execute Yorkville draws or debt conversions without up-to-date financial disclosure.
But Yorkville and Perceptive cannot realistically happen without a share price closer to
$5 So it seems something big and very good is about to be announced. I say it’s a CGM partnership.
The CGM PR is preparing the ground for a bigger CGM announcement. The most interesting bit is
“now advancing the CGM+ program through the final design phase and anticipates initiating a pivotal clinical trial in 2026, targeting regulatory submissions in key global markets immediately thereafter.”
You don’t go after key global markets on your own.
So expect the long awaited partnership with cash upfront and milestone payments -> Shares are completely repriced to
$3-
$10 range -> Perceptive swaps some debt for equity boosting them further -> TRIB draws some Yorkville cash.
