I don't think so.....
I think it is a matter that 9 million new shares have been issued.
at 50 cents. and this buyer could start unloading them at 52 cents.
and still make a profit. Plus hold warrants.
When the stock price was at 65 cents.

I wouldn't worry...…
The stock price will be coming back up.

I bought a bunch more today and still have some dry powder.....

And to add to that point.....
about it not being just sharks getting in.....

Well you sell the initial stock and get your money back.....
and now you can re-invest it. While still holding warrants
that can be cashed in later....

Plus...…

You have put capital into the Company....
so they have a better chance of making it...…
and you are still tied into the Company.

Longstory short...…
honest people can do these deals plus sell some off....

Considering we are so low now and getting ready to hit with news....
meaning the next quarter or two.....

well I doubt we have to worry about it.....

"I agree with you that their are companies out there (like MAXIM) that try to buy these types of companies, at tremendous discounts because the company is desperate for money and have lost all avenues to raise that money. Then they dump the shares for a .15-.20 gain

This does not appear to be that at all.

And what (in the grand scheme of things) has changed long term (or even short term) with the company that has this stock down 30% in less than 3 days. "

2 Points...…
---first off----
it is not just sharks looking to get in on a deal like this.
You have a million dollars to invest. You decide to do it in
a company like this. You buy the stock plus now own warrants
that can be cashed in later. If the stock hits...………….

Well.....if you can sell off the initial stock at cost.....
in this case 50 cents...….within months...…

Well now you are de-risked...And....if the stock hits big....
well you can cash in the warrants.....make a lot of money....
yet you have had no money tied up in it. You sold the initial stock.

As I said..I don't think that will happen. The stock is so undervalued.
You would be foolish to do it. But.....

---second point----
nothing has changed. Longterm………………………
Still an incredible deal.
Either you believe or don't.

"I always find the reaction to this kind of dilution as mind boggling.

A group of investors is willing to invest $4.5M dollars in the company because obviously they see the potential now of the company to really get fruition and the shareholders panic to sell like it is going out of business.

Someone please try to explain the rationale? "
…………………………………………………………………………………………………………………………………………………………………

I think what some people may worry about is that whoever bought the 9 million shares at 50 cents a share may dump them. The deal hasn't cleared yet but if the price stayed at 65 cents they could slowly unload them and make money on them. And then after that hold 9 million warrants they could cash in later at 70 cents - when the stock price has risen into the dollars range. I personally would hold everything if I were them. and I think they will But someone who doesn't believe in the company - not just this one, but any company - could do a deal like this and make their money back plus profit and still hold low cost options.

I don't that is going to happen in this case. This stock is a steal at this price.

Considering the application has already been submitted once, and the big hold up seems to be this skin sensitivity trial.... Well I would imagine they are already pretty set to go with the application. Once the results come back from the trial....just add an attachment and fill in a few other things. Can't imagine it will take very long to fill it out and file.

"anybody have a clue what spooked the stock today? Anything from the Monday presentation? "

I would imagine it is because it is going to take 3 months for a sensitivity trial before applications are submitted. No big news - or at least bad news. The plan is in place. L:uckily we shook out some of the weaker hands who may come back in later. Who knows. I picked up 75K additional shares today.

And GrosPied - it this thing was a complete con it would have been flagged very early on in the FDA approval process. Meaning not much past 90 days. The fact that it made it as far as it did in terms of time says to me that it isn't a complete scam.

Yeah, but has been said a million times - there did appear to be a rational reason for doing the external first. It was by far the least expensive, and once it went through they could have signed a licensing deal to generate some cash for the internal trials without having to dilute. And I personally think that was the way to go. However, Plan A hasn't worked out. And we have yet to really hear what Plan B is.

I don't buy the conspiracy theory that this is all just a big con. I think the science is solid. And I don't even blame them for having to withdraw the application with the FDA. Where it has all gone wrong is with the communication - or lack there of - that has occurred since. Norchi essentially said, "no biggie - it'll only set us back a quarter or two" with no real explanation of what happened or what the plan going forward is. And there very well may be a valid reason why he doesn't want to lay it all out publically - but he at least should have told us that. Meaning something like, "I am not at liberty right now to explain everything publically, but we are on the case and foresee a re-submittal in quarter 2 of 2018." or "we plan on doing the internal trials before we re-submit and once they are done we see no problem in both the external and internal being approved".

It's the silence that is f***ing killing us.

" came to 501k as afterthought and went for 510k route for external application - which is crowded and not as profitable"

I don't understand why people seem to fail in grasping the obvious, but there is a reason they did the external application first. It was to protect shareholders. Get the easier and less expensive done first, cut a licensing deal and use that money to fund the internal stuff - as opposed to having to dilute to raise funds.

My impression from reading the KSS site is people shouldn't be overly concerned. They have made a good faith effort - which probably covers them legally - and it is not in MIT's best interest to start over. Plus - the most relevant patents now may have been developed in the last few years. Meaning they aren't even covered by the agreement. But consider me a layman.

You and others here and there seem to be missing the big picture.
You think that because they dream and work their tail off...
at the same time...

That they are not taking care of normal business...

Ohh.....
Either you understand it....or you don't.....

Who can't be excited by all the possibilities...? Management is on top of it. They are not worried what day the FDA will approve Ac5. They are already planning and working forward to better times. Who knows where the limit is.....

I'm not sure where this "The FDA has requested a clarification on something" becomes - we are re-setting the clock on your whole application. I would imagine that is why they give themselves a goal of 6 months.

I'm not worried. I believe in the science. Regardless of whether a short shows up to panic the herd.

"no nickhous, just some people waking up to the SCAM. "

I didn't start following this board till 10 months ago so I haven't seen your previous posts.

What makes you think it is a scam..?

"My point is - AC5 got classified as class I device with PMA exemption. Despite that the decision has not come out - thats why it is concerning..".

Amatuer17 - I'm not sure if that is true. My understanding is Arch filed their application under the exempt status but the FDA has not yet granted them that status.

The Company is going through this process for the first time. Meaning starting up a company and bringing products to market. As has been said other places - you adapt as you go and grow. Management is strong and I think they have their eyes on the ball. Or prize. Especially longterm. We aren't there. I do believe Norchi and crew are on top of things as best as can be expected in this topsy-turvy roller coaster. The product sells itself. Long Arth...

"My concern is - the product is not GMP exempt - the manufacturing certification that was screwed up due to applying as medical device instead of pharma - is it causing the delay? "

I don't think there has been a delay with the FDA. It appears most applications take longer then 90 days to approve.

When they hear news one way or the other they will let us know.

I worked for the Feds for a few years. And spent over ten years working for the Commonwealth of Massachusetts. When I left I had 4 weeks paid vacation (20 days), 11 paid holidays off, 5 paid personal days off and 12 paid sick days off. So 48 paid days off. I'd show up to pick up my state vehicle in the morning at the town garage, and the guy would say "Hey, I thought you quit."

And I would tell him...

"Nah. I've just been out trying to kill all my paid time off..."

I would think the same thing. Assuming the external product(s) work, which appears to be the case, the FDA is probably looking to see if there is any irritation or harmful side effects. In which case I wouldn't think every different type of external sore/wound/etc. would require a separate human trial. Maybe something like burns might require an additional trial. But I wouldn't think a lot. I don't think we're talking Oprah's tray after she goes through the buffet line.

If I had an ice cream cone for every 100 shares I own I could keep Oprah fat and happy till next century.

I agree. Once it catches on it could be huge. I am extremely overweight. Sometimes I feel like Oprah after an ice cream binge.

It's not the companies fault. One of their 2017 milestones was to submit an application to the FDA by mid year 2017. Which they did. But they don't have any news to tell us. They don't control how fast the applications move through the process.

Agree about the hedging. It is getting pushed to the 90 day normal window for news and we haven't heard anything yet. I am not worried but it appears some are playing it safe.

According to the article it takes 60 seconds and a UV light to seal. That doesn't sound like much competition.