Question is why set offering price @ 0.05$ & not much higher? Are they not confident to obtain IND FDA approval?
Uh - by the time one sees the filing they MADE THE OFFERING (street pitched it and made sure it was "sold") a while ago and "street sold it" to insure they had to the funds for things like a MASSIVE PRODUCT LAUNCH WITH TONY HAWK like YESTERDAY !
FOR ALL WE KNOW - it's TONY HAWK Inc who is BUYING THE OFFERING - he has that kind of coin EASILY :)
Would I buy a house if a dude told me hey, "Just pay me $900K today cause I know a new development is going in down the road and your price will go up" LOL ???
OR do I pay the MARKET PRICE of say $700K right now as an "investment" ?
NO ONE "knows" how/when/why the FDA or ANY federal agency does what they do and on what time-line and that is X 1,000 in COVID TIMES which we're still very much in and half the FEDS are working from home and their already slow pace has ground to a near halt - so "betting" on the FDA for some sure thing time-line is like craps in Vegas.
I believe 100% QNTA aka MedoLife Rx will BAG n TAG THE FDA - but "when" is not cast in stone.
MEANWHILE back at the ranch - they ARE MOVING AT LIGHT SPEED to launch their consumer brands and BUILD A RAPID GROWTH REVENUE BASE to propel them to being a "real company" and then can SELF FUND their "cancer products" which is where the MEGA MONEY IS AT !!
ALL THEY NEED is to get this to $20 or $30 million in annual sales and HELLO NASDAQ and then a "SCORPION FARM ALTERNATIVE CANCER TREATMENT" to the masses of Latin America and Asia and Eastern Europe alone drives them to a $100 million sales company w/o even breaking a sweat and they are now "players" in a whole new ball game.
This is ALL NEW Sr MGT and a BRAND NEW COMPANY - ZERO to due with what used to be past tense "QNTA" - not a damn thing any more !!
THEY HAVE A PLAN - and it's clear as day they are EXECUTING RAPIDLY on that plan - and they need some bridge capital to get that off the ground and GET THEIR NAME CHANGED and a NEW TICKER and start serious sales - which the KICK OFF was yesterday and the kicker is named TONY HAWK :)
SEE THAT - ONE OF THE MOST RECOGNIZABLE ATHLETE NAMES IN THE COUNTRY !
TONY HAWK video games SURPASS $1.4 BILLION IN SALES = now do folks understand why QNTA aka MedoLife Rx signed THIS GUY a master social media MARKETER and master BRANDER and CEO HIMSELF ???
And now Tony Hawk MASTER BRANDER and CEO HIMSELF and NY TIMES BEST SELLING AUTHOR himself is along for the ride :)
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.