PharmaCyte Biotech Inc (PMCB)

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Does not look good:

Sales of a substantial number of shares of our common stock in the public markets could depress the market price of our common stock and impair our ability to raise capital through the sale of additional equity securities. We cannot predict the effect that future sales of our common stock would have on the market price of our common stock

So essentially, they are saying that they are selling off all their shares which can tank the price so low that there will no longer be any recovery.

Thoughts from veterans?