Friday, February 12, 2021 7:40:10 AM
It’s interesting. In December 2020 a common argument for the dilution was that they needed the money to get thru the postponement of fda inspections until April 2021. Yes it was more dilution but the good news was that they now had enough funding to get past fda approval and the milestone payments.
Now in February they are diluting yet again by millions of shares. So what happened? They have already doubled the number of shares since the reverse split. They have cut the shareholders equity in half. And even worse what’s to stop them from doing it over and over again?
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