Look at what he did to Nuron Biotech. Yes, raising money to pay themselves. Great use of investor financing, if you believe this is a rockstar team that is going to make it all happen.
$0.40 is not a floor .. we can break through that. Come on team, let's go for $0.30 next week. They are years and years away from commercialization of anything, and diverted all their funds from what might have been better opportunities to chase covid19 vaccines. Still are.
They need to be bought. Just not cheap enough yet.
Are you stupid. That’s over with
A dollar? On what? Sink it to single digits! You know we can do this. You are just not trying.
He's not crashing the company. A new public offering below market price? Raising funds only for their salaries? What does that tell you? With years and years to any revenues, and with them desperately out shopping for a "partner" at any conference they can get in to, $0.40's looks like way overpriced stock.
There will need to be another round of financing at this burn rate, which will have to be another down round. Do the math. In abut 6 months they will need to do that at what price? $0.35? $0.30?
They are way past the deadline for NASDAQ notice of delisting. As soon as NASDAQ wakes up and gives that notice they have 180 days to fix that. a 1:10 reverse split on a PIPE, wipes out all of us.
Merry Christmas $$$$$$$
You nailed it!
Hey, when you are raising money that does not go to anything that will generate earnings, you are doomed. And that is what this offering is about. General administration. Asking shareholders to just keep paying bloated paychecks and benefits of a management team that continues to underdeliver.
Can anyone spell 'Pink Sheets"?
0.40's next week?
Why? It's gone. Years and years from any revenues.
Already should have received the NASDAQ delisting notice.
And it is not as if Musunuri hasn't crashed and burned well funded companies before. Nuron Biotech?
New offering does not support any new product development. Just paying executive salaries and benefits.
Next offering has to be another down round.
Be nice, making wealth is about why we trade, learn how to an you wouldn’t hav to post remarks like that pal. Ocgn is a short’s dream!
Go pound little harry crumb into oblivion