Apr. 16 at 9:14 AM
$RNAC
1) no point in talking about SELB CVRs until they are paid March/September.
That chapter is completely done. Now you read SOBI NASP notes.
Based on projections, it seems like a favorable dividend payment every year.
2) RNAC is going to continue to be weak until Phase 3 data 2027 ish. The May ER will probably get slammed as cash burn will continue and there are no meaningful partnerships. Phase 2 looked promising with a small group. Phase 3 is the test. If they pass, this will do well and the platform will be valid. If not, bye bye money.
If you own this, I would just ignore it until 2027. Dilution may also happen if cash burn accelerates due to Phase 3 trials, likely. Overall, everything rides on Phase 3. However, that may take more than 18 months.
