Arch Therapeutics Inc (ARTH)

[blackngold63]

And Buffalobob. The whole notion that this company is just a scam is complete nonsense. It may ultimately fail - I don't think it will - but it won't be because they know it and are just trying to fleece us. I have talked to the CFO (chief financial officer) on the phone and via e-mail. Last winter after the stock took a tumble from 70 cents to 30 cents I tried to convince my brother to go in with me and invest heavily. It was apparent that they would need to raise cash in the next year to do additional study(s) before an approval and licensing deal. And I wanted to invest directly which would give me a share plus a share option I could cash in later. He said - I assume you are talking about putting in more then 100 thousand dollars. Which I was. Ultimately I couldn't get my brother to go along. This would have been family money. Then. This summer they announced the offering that raised 4-5 million in a heartbeat. I contacted him to see whether I could invest 100 thousand and get the same deal. One share bought up front at 35 cents with an option to buy another at 55 cents down the road. And they turned down my 100K. They don't want to dilute if they don't have to. They will make their true money from the stock hitting. Not by fleecing. Point being. What scam company is going to turn down someone on the internet who wants to give them 100 thousand dollars directly? This isn't a scam. Whether it hits is a different issue. But it is no scam.