Seelos Therapeutics Inc (SEEL)

[OldtimeramI]

No, I don't think so. The show must go on or else management does not get paid.

Do you think there is still anybody out there that believes that management is going to sell the company and return all that long term shareholder value to them when they do this?

They diluted the existing shareholders by 70% ( by 100% if you count all the warrants ).

People here said they couldn't offer shares. That the company was restricted and was not allowed to offer shares. No wonder these people don't post anymore. Somehow I was the one making disingenuous claims on this board.


The striking part of the action today is that this is when they are supposed to be covering all the naked shorting they did in the days leading up to this.

The only good news that will come from today is that somewhere in a span of two weeks ( or so ), they will announce that they are compliant with the NASDAQ shareholder equity requirement. At the cost of 70% dilution and $1.60 per share less than where the share price was before they sold the Vitaros ex-USA rights/royalties.

How is that for them creating long term shareholder value?