Phio Pharmaceuticals Corp (PHIO)

[sabaidii2]

"I also suffered a reverse split. But after doing some additional research, I did the unthinkable and bought more"

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Let me play the Devil's Advocate.

Let's assume PHIO makes good on the long-awaited (but ever elusive) breakthrough. A game-changing advance. Where the share price explodes 10-fold, nay, a HUNDRED-fold from where it is now!

Just when might that happen (realistically)? Not until Phase 2 clinical testing has been completed. And PHIO accepts a $billion buyout.

Okay... so when would that happen?

Not until after Phase 1 testing is completed. And when will that step happen? Well, not until after pre-clinical discovery/research is "completed". And when will THAT happen? Who knows.

BUT what is certain is that the never-ending near-annual ritual of reverse splits / dilutions will continue ad nauseum. Just has it's occurred about 6+ times before (I've lost track of the exact count). And what happens to your original investment by than? You will still be under water.

The ONLY scenario where you make money is if you buy shares after the very last reverse split / dilution but before the Big Breakthrough / Buyout. Good luck timing that.

You have a better chance to win the lottery than making money in PHIO/RXII.