Phio Pharmaceuticals Corp (PHIO)

[stargazer123]

Yes, that was a sad disappointment. No press release saying that another company was joining or funding them, which I was holding on to my shares in case they made that announcement instead of an announcement of a reverse split. Ah, well.

EVERY time there is a reverse split, the shares drop and drop, and don't stop dropping, no matter what advances the company has made.

I urge everyone to sell tomorrow. You can wait a little while to see if there is an uptake, but no longer than a few days, or hours, and keep a close eye on the price. If it is dropping, drop the stock.

You can always get back in in the future if there is a breakthrough, or the company starts arranging a joint venture.

Plus you will have the advantage of getting in at lower prices.