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Probably because the "definitive" end date was in June, end of Q2 (after it was Q1, and so on and so on). Probably because the CEO said the results are "imminent", a month ago, knowingly pumping up the stock, only to announce a reverse split, just 3 days later, getting the stock back to all time lows, screwing everyone in the process. Probably because there's even more dilution coming after the shareholder's vote. Some people sold in anger, while others bought "the dip". And shorters doing their thing, as usual.
I'm not surprised, tbh. Told you it's gonna go up if i sell, i was only half joking. I'm used to it, no worries.
And i'm out, sick of this dogshit stock. Maybe i'll re-entry in July, closer to the date, but doubt it. Took a big hit with this, i was holding a bag like a fool from .27 (16 now).
GL to those still playing this! Given my luck, since i'm out, it will probably run up till 23 July, quickly followed by a sell the news event. That's my out of the ass prediction, which is very fitting for this 💩 stock.
...so an announcement of an announcement. Not Q2, but next Q, in July...a whole month from now. And by the looks of it, the results will be positive, so... no surprises left. This will tank severely till then, imo, i'm thinking of selling what it's left of my position.
Soon like "soon, soon" or.... imminent? ☠️
It's a 💩 stock, literally and figuratively... When you thought it couldn't go any lower, it goes.
GME just saved my ass, lol. What a crazy stock...🐱
Well... at least it seems like it's found a bottom, for now. I feared the worst after asco... I hope it will stay in this channel until they release the data, consolidation is always good.
Interesting moves.
And this is precisely the reason i'm boiling, because they don't release the results already. What's keeping them?
Current situation... great for shorters, great for people looking for an entry, maddening for the rest of us with bags heavier day by day.
Sure, it's my fault alone that i'm in this situation, i should have sold the moment they announced the r/s, but I've trusted them, like a fool, to release the results shortly. After all, it was "imminent", and asco was just around the corner. The June completion date was just a deadline, we knew for a long time they will announce it in Q2, it could have been earlier than that.
Anyway, i'll just stop here, i've vented enough already. GL to all.
It's hard to have patience when the stock you've invested in, loses ground constantly. Only ASCO days kept it around 4. Now it's at shorter's mercy. Again. And thanks to their stupid r/s, now it has plenty of room to fall to, 4 is not low enough, and soon, 3 won't be either.
While i agree with you in principle, i did my dd as best as i've could on their crofelemer, and i really can't see why it wouldn't be a positive result for their PH3. I'm like 99% sure about it. I would be extremely surprised if it's negative. That being said, it's a risk i assumed from the start, so i won't get mad if it turns out negative. It is what it is. It's the other sneaky and dishonest things they did, that bothered me greatly...
Putting Nvidia near jagx and a couple of other nonames stocks is laughable, pumping attempt at its best. And nvidia did a split, not a reverse split. And jagx did anything but "soaring" after the r/s. And nowhere in the article does it explain why r/s was such a strategic move for jagx, it only regurgitates some low impact recent news about jaguar, not even mentioning its biggest thing, preventive care of CID, which is telling about the quality of the piece you're linking me.
I could have said the same about the reverse split. Why ruin the share price with the big reverse split in the first place, if your goal was to get as much money as possible from the offering? They had time till august to please NASDAQ rules. Now the stock is right back where it started, and it will pop a lot less than before the r/s.
Few? It's 13% of the outstanding shares that needs to be approved.
Yeah, well, i'm afraid they will tie somehow to the shareholder event in june, 21, where they will be asking for more dilution. I don't think it will hold current levels till then...
That has the date of May 22, 2024.
I know all of that, my main gripe is the CEO said the release is "imminent". That was weeks ago. In the meantime they sneaked a reverse split, trapping all those investors who were baited by the "imminent" wording (as opposed to "forthcoming"), hoping for cheap shares. That's not fair, no matter how you look at it.
The ASCO window is closing, i really don't know what's in their heads. They can't be that criminal and to delay it for Q3 or Q4, what will their excuse be this time? Or they want to wait to secure the shareholder's vote on 21? Why?
She's a crook, there's no two ways about it, no excuse. Imminent means imminent in every language. Incredibly dishonest, borderline criminal. She could have chosen not to change the language and leave it as be, weeks ago.
It's all about the next few days, till ASCO it's over. Now it's on pause mode, everybody is waiting for the news. If someone wanted to play the catalyst lotto, it was a good time to enter the trade.
If they don't announce it at ASCO, i fear for the worst, i think their plan will be to release the results after they get the shareholder vote (so after june 21), maybe even after additional dilution, and the stock will tank to sub $1 in a short while, imo.
It finally decided to shoot up, like a 🌈 of 💩.
Pumping and diluting, that's all they do, all while dangling the p3 results, like a carrot on a stick, to suckers like me.
Wow. Such great news. I expect $3 today.
...based on what? This is not a cure for cancer, let's be honest.
I was promised some abstracts...
-50% today? 💩
They did mentioned PIII, they are just vague if they will be available in time for the conference.
""We look forward to driving awareness among oncologists at the ASCO Annual Meeting about Gelclair and Jaguar's expanding focus on cancer supportive care," said Conte. "The depth of our commitment to people living with a cancer diagnosis is further exemplified by the 5-year commitment we've made to clinically study prophylaxis of cancer therapy-related diarrhea with our phase 3 OnTarget trial - specifically focusing on the more than 24 targeted cancer agents that have an incidence of greater than 50% diarrhea. Top line results from this pivotal study are imminent."
Again with the "imminent". Someone should ask her what imminent means in her vocabulary. Days? Weeks? Months? It's been 10 days already since she first mentioned the results being "imminent" and not "forthcoming".
How soon? 🙃
Either way, this won't be in effect until the shareholders' meeting, 21 June. They better release those damn results asap... "imminent" my ass.
It will get really ugly if they don't release the results tomorrow or on friday.
I mean, we've waited that much, might as well wait a couple of days more... Personally i'll wait till the first week of June (end of the ASCO conference), if not by then, i'm out with whatever i have left.
Not if they release the results before then. Imo, there's a chance (not gonna bet on the % here) they do that in order to maximize the effect of the upcoming 1:60 r/s. But they could also not give a flying fart, and release the data in June or whenever, after the split, and long after the bears had their way with the stock.
I'm quoting myself here, since i can't edit my prev post and i've found an answer, if anyone cares:
How do you think it will fare next week, before the split? Drop some more? More selling, more buying? The r/s 1:60 is horrible for any stock, but this has a big catalyst coming. Honestly, i don't know what to do on monday.