Home > Boards > US Listed > Biotechs > EDGE THERAPEUTICS (EDGE)

EDGE is not a shell EDGE's clinical developments failed

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Smilin_B Member Level  Saturday, 03/16/19 11:41:34 PM
Re: A deleted message
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EDGE is not a shell

EDGE's clinical developments failed to meet their endpoints.

Over 90% of the entire staff was laid off, and Severance packages were paid out.

They had a bit of cash on hand and the stock was fair valued. As the cash on hand was used to service these outstanding debts, the PPS decreased substantially until another company smelled blood in the water and decided to reverse merge with them.

The news that arrived yesterday is not good news.

EDGE is reverse splitting.

If the news was good news, this forum would be lit up like a Christmas tree over the weekend

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