Listened to this
Excess optimism in the past. They are desperate now. All of them sounded like they were trying to sound confident. They will take what they can get in this cr and they will be taking what they can get in terms of a deal as it stands. MM wouldn’t speculate on the sp on a deal. When I bought ALT my private expectation assuming Pericoach success and a deal was maybe ~ 8c but with dilution and weakening of their position I am only hoping for ~ 2c now. They talked about the alternative to crs – I wonder how many if any crs they can pull off in future – I personally think they can’t possibly get away with many more. MM I think is wanting to save face / reputation and ‘do the right thing’ to some extent. His increased holding may allow him to resist a low ball take out but if the ship goes down there’s no use going down with an honorable captain. If losing the remaining capital you have invested in ALT is a problem for you, then sell. If you want to donate more to medical research, take up the offer – it may even be a tax deduction.
ALT Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
