IL-6 not to be snobby or pick a fight - but I have been saying stuff like this for the last 6 months.
The dilution will be extreme when they run out of cash for a 2nd time. People are saying "oh look at that balance sheet, etc" and YES it does look decent now. However, do you understand how expensive an FDA trial is? They will burn through a couple million per quarter several quarters in a row and BOOM - no more $$$. When they go back to the market for a 2nd round of fund raising you think terms will be favorable? Considering the fact these last institutions got killed in their agreements because of the artificial runup by the broker (forget their name).
The company WILL PROGRESS IN SALES and towards FDA PROGRESS and towards UPLISTING. However, can this outpace the dilution, competition of developing similiar products, etc.
I have been in this stock for 5 years now and many on this board have. In the last 5 years we have seen VERY LITTLE in terms of actual clinical data. The price shot to $0.45 5 years ago on ANTICIPATION of data. Now we still have none showing by reducing IL-6 (LOL your name!) it means patients survive greater during surgery or recover at a faster pace from surgery.
There are so many things to consider. People are only thinking about the positives and not the negatives.
At the end of the day you can hold your biased view and I can hold my biased view. However, who is right? Apparently I am since the stock market is agreeing with me and indicated by the price per share, volume and recent price action of the stock over the last 5 years.
I suggest if this runs up again you sell 50% of your position and cash it out. If the stock falls back down you buy the 50% back. I did this over the years and have made a return in the 100%'s and 100%'s of percentages. It is the only way to make a "DIVIDED" while you wait for the stock to really take off (if it ever does).
I am being sincere and honest with this post. You need to look at both sides of the argument when it comes to this stock. You cannot just read the propoganda PING posts and think the company is AMAZING!!! There are many things that are wrong. Why is this guy on team selling his shares week after week?
He has all the private information in the WORLD related to this stock. If he thought price was going to go up 5x do you think he would be selling lots of $20K when he could be selling lots of $100K in the near future? The guy makes good money. He has a savings account, etc. He is old. He doesnt need the money for a new house or car. Even if he did you dont think he would hold off knowing he could sell in 1-2 years at 5x the price???? LOL.. He is not an idiot guys. He is an educated man with private information and making educated decisions based on that information.
