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Biotech / Medical : Biotech for less than cash value -- Ignore unavailable to you. Want to Upgrade?


To: rkrw who wrote (284)8/21/2007 11:46:34 PM
From: Steve Lokness  Read Replies (1) | Respond to of 684
 
Thanks for comments on INHX

I'm just guessing on the reverse split. Seems there will be a lot more shares hitting the market and what will move the share price up? So maybe a reverse split?

Not sure I agree they didn't pay much - had they done it a couple years ago when the share price was 10, the dilution might not have been so bad, but at the time of negotiating, the share price had already plummeted and now FMRV owners get 10 million plus shares plus a bunch of options to deal with? They have no cash so they will be an immediate drain on INHX. Maybe there is a third player here - someone to help in the cost of bringing the FMRV hopefuls through trials? We'll see - I hope they do good. I'm sceptical. They have done nothing to convince me this is in shareholder interest.

biz.yahoo.com

steve