Kitov Pharmaceuticals Hldgs L Sponsored ADR (KTOV)

[Fufat]

What I find interesting is that the company files a 6K stating they are going to increase authorized shares as per a shareholder meeting in August. Then today a PR stating they have $60 Million in cash that will fund them til 2024 and that they have zero debt. If this is true, then the question is.

Why would you need to increase the authorized common shares? Obviously they don't need to increase authorized shares to fund the trials they have $60 million in cash and no debt.

Think about it!


AMHO,


Good Luck To All!