Provectus Biopharmaceuticals Inc (PVCT)

[Medcowboy]

DO NOT DISMISS THIS ARTICLE! NEW INVESTORS PLEASE READ!


https://seekingalpha.com/article/2284173-provectus-strong-sell-on-unviable-phase-iii-trial-insufficient-cash-and-fraud-allegations

Additional research indicates PVCT's Phase 3 Trial is designed in such a way that it seems completely unviable and effectively impossible to enroll or execute.
Both industry data and PVCT's own internally generated documents show the current Phase 3 proposal seems too small, too short of duration, and far more expensive than guided.
PVCT seems impossibly low on cash to run a Phase 3 trial with more equity issuance imminent. Plus PVCT faces multiple fraud allegations from shareholders and lawsuits.
Recently settled shareholder lawsuit sheds interesting insight on how PVCT management views shareholders and potentially why the Phase 3 trial was designed as such.
New evidence connects PVCT to paid stock promoter "Hunter Marketing Group," contradicting PVCT management’s communication with investors.
In prior reports, I outlined my view on why I value shares of Provectus (NYSEMKT:PVCT) at $0. PVCT remains wildly overvalued with an estimated fully diluted market cap of ~$200m, which I believe creates at least -90% near-term downside risk before PVCT eventually goes bankrupt.
I think the case for PVCT hinges on the market's view of management's credibility and the outcome of the Phase 3 trial. Unfortunately, new research shows PVCT's Phase 3 trial seems clearly unviable (raising questions about management motives), PVCT's own documents indicate this Phase 3 trial is unviable1 and PVCT's cash seems woefully insufficient to complete the trial while management appears elusive on this topic as recently as last week's conference call. Most importantly, the study seems designed in such a way that it seems effectively incapable of enrollment and completion in my view. Keep in mind this is the same management team that has not started Phase 3 trials for 4 years (so far) while collecting an estimated ~$30m in compensation over that timeframe.
Perhaps most concerning, new research proves PVCT's has connections to paid stock promotion firm "Hunter Marketing", the firm which paid Small Cap Street $10k for promoting PVCT. I believe these connections appear irrefutable and seem contradictory to PVCT management's statements to investors. Could investors who PVCT raised money from while PVCT stock may have been artificially inflated due to paid stock promotion sue PVCT and demand their money back? Could this accelerate a potential PVCT bankruptcy?