Quote LOL, "No expected major events? Phase 3 trials wrapping up, following very successful phase 2 trials and insiders acquiring boatloads of shares isn't a major event? Discovery of buyout offers?"
WHAT????? LOL ????
1) They DO NOT have any phase 3 trials wrapping up. PER THEIR OWN SEC FILINGS, most recent 10-K, March 2016, their only phase II/III trials have been SUSPENDED, GOING NOWHERE, DEAD IN THE WATER since 2010. READ IT, 10-K. FACT.
2) NO insiders have bought jack-crap of shares in 2016? WHEN? WHO? WHAT SEC FILING?
TOTAL NONSENSE further DIS-INFORMATION being peddled here. SEC FILINGS contradict all of it. I can give a link and page numbers to dispute every piece of DIS-INFORMATION being propagated.
There's gonna be a SEC 10-K, probably by next week, and no phase III trial is going to be "completed" or have even been FUNDED, let alone REACHED FULL ENROLLMENT or anything else in 2016. TOTAL BULL CRAP. I'll cite every page number and quote every line and paragraph of that 10-K, the day it gets released.
They're nearly CASH BROKE at any given time, they rely on toxic, convertible debt for survival financing (Magna, Daniel James, Fourth Man, etc) and they're a GOING CONCERN risk per their own Sr Mgt and Auditor comments. Their financial condition is dire at best.
Myocell is not even protected under patent anymore and they lack key licenses not to needed tech to advance it, as those licenses ALL LAPSED, per their own DAMN SEC FILINGS.
THAT is freaking DUE DILIGENCE.
Posts are only my amateur opinions, personal views and thoughts. They are not any type of investment advice. Do one's own due diligence.
AI
