While the otc as a whole did tank (due to the meme stock market wide pump and dump Feb 2021) and the market as a whole is way down since, let’s also be honest here. The company has failed on multiple occasions to meet milestones that they themselves had laid out to investors. That’s the main reason why many have given up and sold, or others have become disgruntled or completely lost faith in these guys.
You know as well as the rest of us that the audit situation has been an absolute shit show for nearly two years now when they first informed shareholders when to expect it. Regardless of who’s actually to blame or what the complications were / are, it’s still a major milestone that hasn’t been resolved.
The statement of 4 revenue generating products to market in 2022 is another big one that they didn’t follow through on. And again, regardless of the reasons behind it, it’s still a missed milestone and failure. Another reason for people selling and losing faith.
The IPF Immune situation was another 2022 shitshow. Yet again, reasons as to why don’t really matter, the big picture is that it’s a major missed milestone and another 2022 failure that shareholders were not happy with. Another reason added to the pile as to why many have sold and moved on.
Bottom line, all of us should be brutally honest at this point about where this stands and the reality of the missed milestones. Not just blaming a bad market and otc decline. The company failures to this point are a major issue that need to be corrected. Those are more of the reason for the pps drop than just blaming a bad market. Yes, the two combined have led to where we are now, at a pps before the merger even finalized in 2020, but there are far more issues here than simply a different otc climate or bad market.
