Pressure Biosciences Inc (PBIO)

[namtae]

Some pretty good buyers still around PBIO and I think I know why.

Take a look at the recent 10Q. PBIO had only $93k cash remaining after the close out of their $6m plus offering. This suggests one thing clearly, another round of financing is necessary.

However, this may not be a bad thing for shareholders. Why? Id expect another deal to be priced higher than the recently completed one, it would almost have to be. That said, PBIO seems to have had a strong group buying its stock since it began moving upwards in the low 20's, when I started accumulating.

I sold all of mine, the last batch above 50.

Where will PBIO this run? Hard to speculate. I might bottom fish on any dips here but only for a flip. I believe it may become difficult for whoever is raising the new capital since it took forever to raise it at 28 cents.. Also cant ignore the approved reverse split looming over head, fwiw

If PBIO can harmlessly remedy their cash problem and reduce their burn somewhat, could be a nice score here in the next 12 months