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Read the filings
Did $15M capital raise 10 months ago so cash should be no problem
Shocker...and some claimed nearly 2 years cash in the bank lol. Large debt on the books.
Careful here …
https://stocktwits.com/KeepItRealistic/message/572708730
We know what isn't up. Nasty
What's up
New lows = new low conversion rates
Likely nearing 8 million shares since another installment payment was due this week. Lost nearly 14 million dollars on less than 6 million in sales. Sales last year were lower than 2022. Patent expiring in 12 months. Lot's of other fun nuggets that most won't bother to read.
This one spells out further dilution it would seem:
Going Concern
Petros has experienced net losses and negative cash flows from operations since our inception. As of December 31, 2023, the Company had cash of approximately $13.3 million, positive working capital of $9.6 million, an accumulated deficit of approximately $98.9 million and used cash in operations during the twelve months ended December 31, 2023, of approximately $7.6 million. The Company does not currently have sufficient available liquidity to fund its operations for at least the next 12 months. These conditions and events raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that these consolidated financial statements are issued.
GLTA
$PTPI 10k filed
https://www.otcmarkets.com/filing/html?id=17418536&guid=11Q-knncHeK-B3h
“As of March 26, 2024, the registrant had 6,875,814 shares of common stock outstanding.”
FDA meeting tomorrow. Definitely swinging some shares for that IMO.
there it is :))
Come on ,let's get back in to the1.60s
Well that's alot of premarket volume
Nice comeback
Something is up
Nice close 1.66
Getting perky
Well good morning $PTPI
Yup! Moon mentioned it again yesterday
$PTPI These Bios are quiet until they are not. While you wait, you can watch this recent YouTube video with the Ceo. He has quite the experience with what he did in prior companies.https://t.co/80hPCoNPPk
— Keith Rah (@keith_rah) March 6, 2024
BTC is at it again this am
Avg volume (3m) is 907,606
So todays volume is inline with the average
Is it just me? Or all liquidity went towards Crypto and Bitcoin
Added down here in the low 1.50s
I'm keep an eye for the news symbol on the app
Volume down today
Yep
Your calculations were spot on !
Sorry for being in denial lol
Now you see why I was approximating a million shares per month for these past 5 months. 8 more months to go
In Feb 80% of Lowest 3 closing prices, in last 30 days prior to Payment date was .8 x $1.13
$1,154.000 / (.8x$1.13) = 1.287,946
So 1,287,946 shares were added to float for the Feb Payment
Sorry I haven't followed them BK.
Hey runn ,do you have any opinions on Algo*s therape....Just saw they have a catalyst on Thursday
Could be. We just know large dilution and dwindling cash by eoy.
Yeah a spike in March followed by a slow decline after that is my guess
I expect OTC approval in 2025 (if at all) because they have a trial that ends Dec 2024 which they will present to FDA
So its a long hold with a possible spike in March on FDA meetings
More like 6m unless they already shorted March’s stack in Feb lol
These debt holders never lose $
Yeah that's what I have been posting from the filings. That's why I estimate close to 8 million shares now or within the next month or so. It's possible that nasdaq won't allow them to sell that many that quickly. If not, then, it's just a matter of time. People who are buying shares now could very well just be buying shares from the company and not other shareholders. Still doesn't mean it can't move above the $2.25 warrant price but folks will just have to see.
$PTPI conversion facts below posted on X
$PTPI
— 🧠📖MaxInvestor89🕵️ (@MaxInvestor89) February 29, 2024
Why it trades way ⬇️ 💵/share?
Registered for resale 185m shares Sept 2023
Mandatory redemption started in Nov 2023
Redemption in $ or Share
80% of Lowest 3 closing prices, in last 30 days prior to Payment date
Now = ~1$
Floor price = 0.39$https://t.co/KqxuEKru0n pic.twitter.com/R24iA9bY8J
Yup! Looks good. Just need to cross that $1.75 mark
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