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Tuesday, December 10, 2019 9:40:20 PM
My rule is never trade these things, particularly biotechs/pharma unless they already have nearly a year's worth of cash burn to reduce risk that typically crashes a stock while trading it. .
$RTTR only had $2 mill in November's qtr report. They need about $10 million or more to be sufficient for one year to reduce risk of a bad news stock offering that typically crashes a stock.
In addition to low cash, they have to deal with being de-listed which is apparently pending a review:
https://ih.advfn.com/stock-market/NASDAQ/ritter-pharmaceuticals-RTTR/stock-news/81226873/current-report-filing-8-k
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