What's going to happen:
There is no reason for this to run pre split. There's too much dilution out in front before it will split. That will keep it down or go lower. After RS this will drop because it will be shorted. Also, because companies without any tangible IP, hard assets, and no revs at all always drop, period. Buying pre split means you are spending funds on something that you will own less of after the split. Once it does it lowers your investment value and is worth much less. This will RS, this will go down within a month afterward. Your proof is in the actions not the press releases. Which they do anyway and it still drops.
This will not yield them an investment. They supposedly have the cure for cancer and the only way people will write a check is if it's a higher share price? If you believe that then you don't understand angel or VC funding. If anyone was going to write a check they would do it now while the perceived value is based off a low morale right now to get more leverage for their money. They won't however, as Mr Sharp stated in his letter. This company has and will not ever receive an investment. Half a dozen of investment conferences and vet conference combined later and nobody is writing a check. Including and especially the lad the owns the majority of the shares. Hell, he asked them to leave his office building that he owns. Imagine what that says to potential investors? I own the majority of this company and I want to remove them as tenants because they cannot pay their rent due to the fact that they have $0 in their checking account.
Yet, people believe somebody will do their due diligence and see this, as well as them being taken to court for being evicted previously by another landlord for not paying their bills on top of all this, the state of Washington writing Dr Fisher instructing him to watch this company because they have a habit of being reckless with finances. Sure blame Katz on that because it's convenient. However the largest shareholder whom is still pulling the strings here was the one who okay'd everything while he collected his 10% with preferred shares.
But this time it will be different right? Why? Becuase they have animal testing? They had it done in 2014 too. This has been rejected by the FDA multiple times by ADMD / RDGL and once before this company had it by another company too.
This will hover or lower from here. It has zero reason to go up pre and pst 3rd RS in 4 years. Want to make money on this? Short after a the RS. Everyone else will be, don't fight it
