Cel Sci Corporation (CVM)

[lightrock]

Regarding the convertible instruments, preferred, warrants, etc., there is an energy play that I have followed for years and I seem to just know it very well, to call it almost to the penny every close in advance, and 1 year in advance of a reverse split. Because I just know how this one thinks. I've made a couple small 100% pops with it. I just don't go all in, and I am mad at it for the last year or so for similar reasons to yours but I am not taking a bath. I am riding house money now.

Some companies take decade(s) to get off the ground for some reason, and they do that with assets, minimal cash flow, "back-log", and institutional heavy buy-ins.

Some companies can pull this off indefinitely.

These pharma... well... AEZS isn't actually dead yet. I did not note if they did warrants, etc, I was again pure play, either this drug works or it doesn't. Maybe I am not smart. Maybe business and science are not really related very well.

If you are running a company, your job is to the company, its continued existence. Investors take a risk so you can 'try' and or 'keep trying'.

A robust and diverse board of directors representing majority share typically can work MORE on behalf of share-holders and more at the expense of employees, etc.,

If a company has controlling interest by % or by CONTRACT, you only own non-voting shares, say, then they still are driving. Period.