Arch Therapeutics Inc (ARTH)

[GrosPied]

This isn't the first tree shaking by a long shot, so I'm not sure how to take your comment. Just two weeks ago, Norchi indicated in public statements confidence in the 510K timeline, so this latest news comes as a shock. I'd be fine holding steady (as I have for a long years-long rollercoaster ride) if he had just been telling it like it is. I'm much more comfortable with a transparent scenario, knowing full well that these approval processes take time. I really like Norchi and trust him, although not necessarily his instints. Perhaps others are giving him poor advice on what and when to share information with shareholders.

Also, of those I know with tons of extra money to invest, they don't have any better information to see into the future than we do...and most wealthy people are unlikely to invest heavily in penny stocks. I'm skeptical there were millionaires on the sidelines just itching to join on this drop, unaccompanied with any hope for a profit from the actual sale/marketing of a product in the near future.