Arch Therapeutics Inc (ARTH)

[jsmith123343]

I sold today...very frustrating...further delay with CE, now they need $5M for filing, and their operating cash is running very low..it was $5M as of Sept 30th, and burn rate is $1.5M. So as of now they have about $3M left. How are they going to start internal trials ?? Major dilution coming, and its delay after delay. Stock may not go down more, but its not going anywhere for next 6 months.
They need $ for internal trials, operating expenses, CE. I can guarantee FDA will not approve external with just 42 patients..CE might.