PharmaCyte Biotech Inc (PMCB)

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We have broad discretion in the use of the net proceeds from this offering and may not use them effectively.



We intend to use the net proceeds from this offering for general corporate purposes, which may include, but are not limited to, working capital, capital expenditures, business development and research and development expenditures and acquisitions of new technologies or businesses. However, our management will have broad discretion in the application of the net proceeds from this offering and could spend the proceeds in ways that do not improve our results of operations or enhance the value of our common stock. The failure by management to apply these funds effectively could result in financial losses that could have a material adverse effect on our business, cause the price of our common stock to decline and delay the development of our product candidates.

I'm still reading and wrapping my head around the offering. My understand is that stock price will drop to 2 cents?

I still don't understand everything 100% but learning.