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If they ever get REAL FDA approval for their ONLY drug, it'll be 3 years from now, assuming their PHASE 2 (will take about 1 year) and PHASE 3 (take another 1 year) will look good for FDA... this is not easily.
This news released yesterday is only for them to start a PHASE 2, what a big deal, a really BUMPY ROAD ahead to the real FDA approval after PHASE 2 and PHASE 3 finished.
no revenue until they get fda approval for their drug, if at all.
With 700 mil OS, this will be back to .003 soon
Yep...Misleading, actually... this is just for start phase 2... and it runs like phase 3 results are good!
will take at least 3 more years to complete phase 3, assuming phase 2 is good.
OS is 662,810,384 from otcmarkets. they have only 1 drug in phase 2. Still at least couple of years away from market if the drug get final approval ( they will need phase 3 ... )
out-of-usa clinical trials are harder to get approved...by FDA
beware...
They submitted on Dec 14, 2014, 120 days from that is around April 12, 2015.
These notosholders are smart, they're not dumping shares, as far as I see. I've been waiting for them to dump shares since after Dec 22nd. I had my order @0.0001, not filled yet. I don't see very high volume ( > 100mil shares) days yet. I think these notesholders are aware of VTEQ's FDA approved devices and patents, so they just keep the shares or not to sell their shares until higher PPS.
About SpectraScience, Inc.
SpectraScience is a San Diego based medical device company that designs, develops, manufactures and markets spectrophotometry systems capable of determining whether tissue is normal, pre-cancerous or cancerous without physically removing tissue from the body. The WavSTAT™ Optical Biopsy System uses light to optically scan tissue and provide the physician with an immediate analysis. With FDA approval for sale in the U.S. and the CE Mark for the European Union, the WavSTAT System is the first commercially available product that incorporates this innovative technology for clinical use. The Company's LUMA imaging technology has received FDA approval for an optical non-invasive system that is proven to more effectively detect cervical cancer precursors than conventional methods available in the market today.
FDA approved in 2009, i believe, and it doesn't have any revenue in 2014? the company couldn't sell their products at all? in US and Europe?
Why does the PPS keep going down hill for this company? is it because it has 0 revenue in 2014? the company can't sell any of their FDA approved WavSTAT4 Optical Biopsy System? Anyone cares to share your take? Thanks.
DNDNQ has only 160 mil shares as O/S, is that right ?
R/S may or may not happen...
from the 8-K on Dec 22nd it said:
4. Approval granting discretionary authority to the Board of Directors, for a period of twelve months after the date the Company’s stockholders approve the proposal, to effect a reverse split of the issued and outstanding Common Stock of the Company, at a ratio not to exceed 1-for-1000, or to determine not to proceed with the reverse stock split;
Or it can be as soon as tomorrow, you never know, it's been 45 days
From the last filing, the AS is 10 Billion shares and OS is 5 Billion shares, I believe. The current market cap is only $1.5 mil @0.0003
let's say OS is max out at 10bil.
Market Cap would be 10bil * $0.003 = $30 mil, still very cheap consider it has FDA approved products and many patents.
Medical Devices companies with FDA approved shouldn't be under $100mil market cap... way much higher... VTEQ will be at least $0.01 no brainer.
Read this post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107860941 This guy is good, he speculated the CEO would use that remaining 5Bil shares to acquire a company... maybe it's panning out soon...
pps @0.0003 because the company raised AS to 10Bil and OS to 500mil last December for convertible notes. This company has a breakthrough technology. Its CEO is a legitimate CEO (at least in the past), his former company got bought out (i didn't verify which company, i've seen posts from old sharesholders said so). We didn't know why he needed to raise the AS to 10Bil, although we speculated something 'BIG' will happen in the future... this 'BIG' thing we speculated maybe the reverse merger with that 100mil company coming? I hope it's true.
A/S increased to 1 Billion? 1:10 R/S ? why does this stock goes up after these news is beyond me.
The result isn't bad, the pps is down 36%
That's what i understand... this entity loaded 9.99% ... I added shares earlier
Do you have the link for that blog, I couldn't find any came out today. TIA.
Hopefully the company updates tomorrow would reverse it back north...
why a sell off this afternoon before the company presentation tomorrow? somethings leaked ?
if it's .0001, highly they will do r/s, then wait after the r/s the price settles and buy
up 50% today
This stock is very undervalued, it should go up after some exposure... I think not much people know about this company and its partner with $JUNO.
Bottom is forming i think, it should go up soon.
I hope they won't R/S, if it is even .0001 isn't worth to buy
Thanks.
When will RS 1:1000 happen, anyone know?
They will do R/S soon, right?
You should call the ECIG's T/A and not your broker for the O/S. The broker doesn't have update-to-date number.
Is R/S still on or is it off now?
I'm thinking open a position here, maybe after the R/S.
CEO needs to update shareholders about debt/dilution ASAP imo for the PPS to go back to where it should be.
so instead getting 800,000 shares @ $1/share for a total of $800,000, they will get 10,000,000 shares if they sell shares @ 0.08/shares to get $800,000 too?
I have exact same feeling...
$30/share in 5 year, it may happen.
How do you know ? Guess? We'll know by tomorrow if they're still selling shares. I hope they're done by now, but we never know until a PR says so.
If debt conversions happening in Dec, should debt shown in the last 8k be less than 44mil? i'm a share holder here, just frustrating why the company sell shares at these low prices. I hope the 8k would show less than $44mil debt. Even though the debt conversions isn't finished, they can show what's the current debt, like $35mil, for example, at the time of the 8k released.
i hope i didn't fully understand it somewhere...
Don't let MM borrow your shares by setting the sell orders for your shares at higher prices. This would help a little.
ECIG has $80 MIL in REV in 2014. Rev will be much more in 2015.
Lot of bashers want ECIG's shares cheap. This is a lifetime opportunity and bashers know it. ECIG is so UNDERVALUED under $1.
Please lock your shares by setting a sell at higher prices so MM can't borrow yours. It would help a little bit.
We definitely need an update from the company, either through an 8K or a PR from CEO to end the speculations and to stop the frustration.
A/S raised to 10Bil shares on Dec 18, 2014.
On December 18, 2014, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to increase the number of shares of common stock the Company is authorized to issue to 10 billion, and to reduce the par value of the Company’s common stock to $0.00001 per share. A copy of the Amended and Restated Certificate of Incorporation is attached as Exhibit 3.1 hereto and incorporated herein by reference.