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This is bad. There’s no other way to spin it. The sec doesn’t suspend a stock on a whim. They likely have evidence of false statements. It’s also likely that they are building a case for further action. When the suspension lifts watch out below.
or maybe they are just sharing available information for discussion. Must everything be some type of sinister conspiracy?
I wish I had dumped this before the reverse split. The new CFO is an absolute moron. He is slowly destroying shareholders while he collects his fat salary.
I agree. That is good advice. It's a shame people can't share info without getting attacked but I guess that's the way it is.
The proxy issued for the upcoming shareholders meeting. Do you actually follow this stock?
https://seekingalpha.com/filing/4923790
Thanks. I’m sure you’re right. They’ve destroyed the momentum this had.
So just as many of us feared: first they reverse split, now they're massively diluting the stock. Over 17M shares issued in a private placement and ANOTHER 17M in warrants at the discounted price of $2.48. No wonder the price is tanking. Why should anyone pay more than $2.46 for this POS.
Who are you yelling at? It’s a question on the current proxy. If you take the time to read the proxy you’ll also note they are asking to increase the number of authorized shares. Both items point to dilution.
It wasn't a good day for PLX. It's down another 15 cents in after market. I hope it's not bad news about the trials.
maybe they have, and the sec doesn't care.
the sec couldn't care less about stockholders.
Then why haven't they? you've posted that same statement a dozen times.
The latest proxy states they want to do a reverse split. With all this great news and they want to reverse split shareholders into oblivion. No thanks!
Looks like we're headed right back down to subpenny, after winning 2 major decisions and getting millions of cash. Way to go HDVY management. What a bunch of incompetent buffoons.
Please buy more. Load the boat. Bet the ranch.
Go bankrupt.
Boom! There’s the proof. Walters our long ago. Weeeee heeee haw
I wonder which stock in this partnership is best to hold? WBIO CNSP or MBRX?
Kung fu grip on form 700
That is full of errors. They sold all shares long long ago.
It really needs more media attention. There’s a huge backlog in FDA applications. They need to somehow break thru the bureaucracy.
Thanks for posting the article. I wonder if this is the reason behind the rally over the last couple days.
Of course. Just like shareholders will profit from this POS.
Does it say how many shares they are registering for sale?
I heard he was with Elvis
I hope so. It’s a great buying opportunity
Which one? Back from the dead?
John who
Sounds like overall good news. Auditor in place and shareholder meeting scheduled May 27 in Philadelphia.
They probably won’t complete filings this month. This stock is an endless failure.
Price target of $3 from maxim
The analyst isn’t highly rated but at least there is some recent coverage.
https://www.smarteranalyst.com/new-blurbs/moleculin-biotech-mbrx-receives-a-buy-from-maxim-group-3/
Lol. 700 shares
The cash is good news but at $2.48? That’s a lot less than expected a month ago.
The whole market hasn’t fallen 50% like this stock
Looks like a countdown to zero
They’re destroying the stock. It’s obvious there are serious issues with the financials. They’ll be lucky now to avoid a shareholder lawsuit.
Price target sure has collapsed. Pre-split it was $3 which would be $30 post split. It’s now just $11 which would have been $1.10 pre split. I hope it recovers but not looking so great today.
Today was a nice surprise
This is a nightmare
I agree. They are creating confusion and uncertainty which is almost always bad for the stock. Hopefully they’re just delayed and not trying to hide bad news.
I guess she’s lying then
She claims she got a list of all shareholders