More Serious Selling
Sold Last Thursday
Trade Date Mar 16, 2017
339,908 Shs Sold At $0.49
Filing Date Mar 20, 2017
That's 3,576,272 More Shs Diluted
Into The OS & Float In Just March
Insider Form-4 Selling
Oct 14, 2016 - Mar 16, 2017
16,643,917 Shs by Maxwell
Nov 2016 - Mar 2017
76,266 Shs by Management
TOTAL SOLD = 16,720,183
Current March 2017 Outstanding Shs
Guessing about 371,244,400 or even higher
( Sept 2015 the OS was only 140,374,297 )
ATM (At The Market) Dilution
The ATM could be another 100,000,000 Shs
diluted into the OS and Float at today's pps.
The 1st Qtr Will Be Bad
They won't even be able to stay ahead of the dilution. And that's on top of all the debt, bad deals, and interest payments. They have no cash. They will pay the interest on debt with common shs, adding to the dilution. They won't meet their collaboration requirements, and will be forced to make those bad deals even worse. They have to do a Reverse-Split.
Heading Down To The 30's
The New Top is still $0.444. And heading down into the 30's. Don't be fooled by little technical bounces on the chart. The Market Makers take advantage of you that way. They are helping insiders Dump and Dilute shs. They know the plan ... A 1-for-20 Reverse-Split.
Just My Opinion
AI
