Easton Pharmaceuticals, Inc. (EAPH)

[likwit]

looks terrible.

Garbage, rehashed BS Bayer release kicked it off for whatever reason this time round yesterday. Maybe a company paid promo? Then they got too excited with the fact they actually got some traction for a day and released a second stupid rehashed BS pr the following day and that gave it all away. 11.5M shares to go up approx. half a cent and approx. 1/3 the amount of shares to come right back down. 2/3 of the shares traded yesterday are now in the hands of current bagholders. How many reloaded shares are there now to trade through to get back up to where they bought again? Noticed VFIN and BMIC at the lows today, selling away. Known serial diluters. They are clearly happy with that price as they're making good coin. Since it's undisclosed will never know how much. All IMO of course, what do I know. I am sure the buyers yesterday above .02 know better and are much smarter.

"Easton Pharmaceuticals Inc. EAPH, -15.38% announces it is moving towards a letter of intent..."

"At that point Easton expects to sign a letter of intent or term sheet involving a transaction for Easton to possibly participate in the venture."


What kind of moron posts these sentences as public company news? This company is currently being bought at a valuation in the tens of millions of dollars with zero sales for years and very dilutive failed acquisitions that never pan out? Good luck with that. Thought I'd seen it all. Another company that unfortunately gives the Pinks the reputation it has. Tsk Tsk.