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Oh please!
He says as the share price goes to fractions but remains "comfortable" wth his investment. LOL
Yawn. What do you expect them to say the guy was pulled from a ditch?
When does that watershed moment take place? Who knows!
Just face it the thing is a disaster. Unless this new guy has immediate access to non dilutive cash or a partner, your investment is as dead as mine.
Yeah, it's a real good thing they didn't wait too long or the share price might've hit a stinking penny. LOL
No problem. I know the feeling.
I need to look into this guy's history to answer that but haven't had the chance. Some dd on him here would be nice. But anything has to be better than Head. It's highly unusual for a new CEO not to issue a statement in a PR, holiday or no.
They need a cash partner to take over. It's the only way we'll ever hope to breakeven, assuming the IP is even real, of course.
Announcing they're looking to raise $4M through a stock transaction when the stock is at a lousy penny, is not a smart move. Spells dilution.
No dopey, an open market purchase is the opposite of dilution.
Everyone should call CEO Barnett to make sure he understands all his shareholders are down 99%!
It's right there in front of you...$4M! That's probably what's required to start the trial. Head in way over his head.
Amazing they didn't even bother to PR the new CEO just a lousy 8k over the holidays.
The new CEO couldn't even buy shares on the open market at a stinking penny a share, instead getting free bonuses and options. No real stake in the game. = More dilution
It's what was not announced that should concern everyone.
These boys seem completely incapable of putting together a shareholder friendly plan.
Yep and just remember all those collaborators, researchers, scientist, and lawyers.
Looks like the sp is back to when it all started (the big ten penny move up). Now with that property asset all but spent here comes to real pain.
No PR, no CC. Guess Head figured out there's just nobody around this time of year? Hmm.
Looks like everything China is the hook of the month. LOL
Powers will "loan" more recycled cash for shares.
If this thing goes bk I know we can count on you to tell us how much money you made. LOL.
It looks more like the outline of a flounder to me.
I hope your New Years resolution is to not spew so much garbage here.
That all sounds nice but cash is going out not in! Powers could put Woodford or another big gun on the deed and had him make another loan for $12M using the property as collateral.
If there was any seriously good data there'd be no need for a dilutive finance and for once a shareholder friendly finance. Instead nobody wanted to touch this thing so extract the remaining cash.
How'd Head's inspection go?
Poof! No CFO necessary. LOL
Just as I predicted. $47M vaporized. Last of shareholder assets. I'm surprised the mc isn't closer to $5M but sometimes the players spend years artificially supporting these kinds of stocks just for retail to slowly accumulate. Then WHAM the rug gets pulled! Bka, a Crab trap.
Maybe Woodford taking his loses if he hasn't somehow already?
You can smell it. But what a great Christmas for leadership!
That is not in dispute. My issue was grants as they apply to private vs. public, lab work vs. trials.
When you think about what things cost these days that's not much money. And I doubt the government would pay a public company for trials but maybe? More likely grant money for private.
What's the answer?
When the full $47M has been depleted?
Hmm imagine you're a patient and do a little research, decide to look at the investigator and see it's literally a penny stock with no cash. What would you do?
Who cares?
Enron's stock closed at a meager 61 cents a share Wednesday and adding insult to injury, it will be removed from the S&P 500 after the close of trading Thursday. So you'd think that everybody would have gotten around to downgrading the stock by now, right? Wrong. According to First Call, four analysts still rate the stock a buy, with two of the four rating Enron a strong buy. Unbelievable. What are they waiting for?
That's a boy, Southern! LOL
Whatever happened to the cc and all the questions you guys had lined up?
Or a McDonald's franchise opportunity?
Told everyone last week but it went ignored. The property value has been pulled out of the market cap since that cash is now as good as gone, for the good or not so good.
They need to start the Pll before they can ace it. Company running on fumes. When is the cc?