Guided Therapeutics Inc (GTHP)

[GetSeriousOK]

At least Gene-O finally admitted what we all suspected: that China is a bust. "We hope to be approved for sale in China in the second half of 2019" means they haven't even submitted the application to the CFDA yet. You don't "hope" that CFDA clearance will take over a year if you already submitted the application!

As far as the US FDA goes.... looks like that's never going to happen. The further htis company sinks into the depths, the harder it will be to get financing. The toxic lenders have control now and they are hard to shake once they get their teeth in a company's leg.

How disappointing. Gene-O officially lost the race against the clock -- nothing positive will happen before the next reverse split which will probably occur in Q4 of this year. Or sooner: As the PPS declines and the toxic lenders stick to their playbook, that last half-billion shares is going to disappear FAST.