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Thursday, 01/18/2018 3:55:25 PM

Thursday, January 18, 2018 3:55:25 PM

Post# of 50157
All you have to do is look back to last summer to see what is possible with the right news. Last summer there were 500 million shares out with the stock around 4 cents and the company was on the brink of bankruptcy because they couldn’t access the restricted money. Yet on news of the reverse split not passing, which made bankruptcy more likely, it ran to 35 or 40 cents in days. So now if they do this offering we are looking at that same market cap, 500 million shares at 3 or 4 cents, but better cash position from the offering. Why couldn’t it run like that again on decent news setting off a buying panic? The company is further along having passed the interim safety analysis. At this stage and with the cash from the offering the market cap is too low. With decent news and pressure from the conversion gone it could certainly run like that again. It did it before in worse circumstances. Market cap is too low for a company that is well into phase 3 on a product we know works. Just my opinion.
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