The problem is that they don't have anywhere near enough cash to get them to the end of their phase 2 trials, let alone phase 3. Furthermore there are possibly 2-3 lawsuits down the line, since there's a certain contingent of investors who are staking the last of their credibility on clawing some cash out of Galena's pockets via the court system.
It's going to be a long chain of bad news events, share offerings, and possibly more reverse splits until 2019. Maybe I'll see where things stand then, when trial results are close. Now, though - not the time.
