I feel your pain, same boat. I believed in the science based on the results that were published (I'm sure I will be ridiculed by some for that) but the data really did sound promising. There's still a chance something good will come from the science, but the silence and dilution have been devastating. I just want to know I didn't invest in a total scam. I keep searching for some confirmation that management isn't completely incompetent. Their inaction to defend the company or inform investors about what is happening has created serious doubt in my mind about their intentions and abilities.
I really try hard not to give advice because none of us really know what is going to happen here. Take what I'm about to say with a grain of salt because there's a good chance we see more downside. If your cost basis is much higher like mine, it doesn't make sense to sell out at almost a 100% loss until the status of the Phase 3 becomes known. I have been long all the way down, although I had a feeling I needed to sell much higher. I'm riding it out. Might kick myself later for that, we'll see.
The options are tough. With the dilution, they probably don't have time to come good, barring a miracle. I own some too.. Hang in. Let's hope we learn our fate (good or bad) soon. The waiting and silence as the stock evaporates is almost worse than just getting bad news, dealing with it, and moving on. I have never experienced anything like this, but everything in life offers some kind of value. Even if it is in the form of a tough lesson. GL
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