Tuesday, June 30, 2020 12:27:37 PM
It was Biolidics that released the PR.
However, the market reacts to both the same way and the 8K was loaded with the same sort of fluff that investors initiated an investigation over. I'm not saying that Aytu intentionally misled investors with the Biolidics "deal" announcement, but the 2 months of silence on the near immediate discovery that there were import issues only to be followed by cancellation of the agreement and a bogus "joint venture" into home testing kits that is suspicious, at best, puts into serious question the caliber of leadership here.
I am perplexed at the 8K because there is so much more to follow up with for this company. It makes me have considerable doubt about what the company's intentions are with all that cash it has raised. Why hasn't there been an 8K on a new marketing program or some other REAL development? The best products in the world are useless if poorly managed.
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