Arch Therapeutics Inc (ARTH)

[divea]

Well, quite frankly, they have been milking this one for a long time. They have already moved on to two other OTC SCAMs, but they have some die hard support here. Currently this is pennies in their coffer, but they are milking every cent out of it. They usually don't quit until it goes below a penny. Their current focus is on the two (that I know of) "latest, greatest - name your product here" SCAMs.
I think due to some early influences by a biotech guru with many followers, who later pulled all of his support because he realized it was a scam, this one had people really believing.
Unfortunately, I think they get stronger with each scam, because they know what words to use and their script gets better and better.
The stock did not move with FDA approval and so they know EU approval will not fool anyone either. They are not invested in this stock and no one else should be either. They are just picking up the scraps from die hard hopefuls.
So in answer to your question, 3 months if no EU approval and if they do get EU approval on their glorified bandaid, they might be able to milk it a bit longer. The investors here are quite hopeful and resilient.
BTW, to all investors still in this stock. All of this is my reaserched based humble opinion and I genuinely wish you luck and hope that I am wrong because I hate seeing anyone lose money.