"How in The halibut is this going to sub .01 with positive 12 month data and partnerships worldwide and cash flow finally coming in??
1) How is it at .0152 bid right now? Not far from .01 and w/ a sub $8 million market cap now, not even equal to their outstanding debt.
2) What impact did what's described as "positive 12 month data" have on anything? The PR is out, along with several others- what difference has it made- look at the enormous selling pressure and price collapse in just a one week period? What explains that?
3) They have no "cash flow", world wide or otherwise, never have had "cash flow". They report operational losses every qtr since as far back as I've ever read in their SEC filings. Further, any "revenues" (which are not cash flows), any revenues to-date, were turned around and used up on their expense line, a large portion going to very large salary increases and bonuses to just two people in the company. Again, read SEC filings 10-K through latest 10-Q's. Whatever revenues they've brought in, they've spent as much or more in increased expenses essentially- that's my read of the past few 10-Q's, one can read um for themselves and draw their own conclusions.
4) "partnerships" with who? What do they amount to? With "doctors" offices in 2nd and 3rd world countries for non FDA approved "treatments" being done off-shore? That's their plan and future as a public traded company? OK, but I don't "see it" or "get it"? Just my opinion.
5) Their financial condition is still horrible IMO, they are cash poor and still carrying heavy debt. Read the recent Magna toxic, convertible debt deal they just did for a grand total of about $200K dollars- it's as toxic a convertible debt deal as I think I've ever seen. Dilution from it will be massive. They are still a "going concern risk" and have "liquidity problems" according to their own SEC filings, including the most recent ones.
6) Dilution and lots of it, combined with use of "convertible debt" (aka toxic death spiral or toxic debt) "financing" has consequences IMO. Those consequences are what one is seeing right now in the large sell off, IMO
7) Pull up a chart going back 3 yrs. It's stunning how repeat the pattern is IMO. It's run-up about every March/April for the most part (using PR hype IMO) and then sells off from there, typically hitting the 1 cent range or even new lows in the Oct-Dec time frame. It hit its all time low of 6/10ths of one cent in Dec of 2013, almost 1 yrs ago now. And it's in free fall right now heading into the same time period, end of yr. The chart for the past 3 yrs is a near perfect overlay from yr to yr of this pattern.
How could it hit 1 cent or sub 1 cent? A multitude of ways IMHO, that's the way I see it. Easily could hit that price range- I don't know any reason why not?
AI
