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Re: RioDad post# 22917

Friday, 01/22/2021 2:12:18 AM

Friday, January 22, 2021 2:12:18 AM

Post# of 36580
I just went to their website and looked at past PRs, it was about 5-6 weeks. CRBP is Corbus Pharmaceuticals. A small biotech just like RVVTF. I recall that when they put up the stock offering, a few people on several message boards threw up a red flag and said it was not a good sign. That CRBP was raising money because they knew the trial failed and their SP would crash after the results were made public. Sure enough that's what happened. It went from 9+ to 2 bucks right at the market open and has never recovered. I hope RVVTF is different because I am invested here too, but this is eerily the same. Here's the bottom line question, why would a company raise money through a stock offering today if they really believed and knew their SP was going to be higher in a few weeks?