Not a good sign - Midas will know - we got burned the same way by few Israeli companies - good mgmt who go rogue - dilute too much
This co has 32 million outstanding shares and issues notice to increase it to 250 million shares - that is 8 times of current. The intention itself shows that the co is getting screwed in medium term and may not do good in long term.
I understand they need money but this is clearly a bad sign.
I am here for oral insulin- Covid vaccine is a very long shot for them
“This registration statement contains: (i) a base prospectus which covers the offering, issuance and sales by us of up to $250,000,000 in the aggregate of the securities identified above from time to time in one ore more offerings; and (ii) an equity distribution agreement prospectus covering the offer, issuance and sale by us of up to a maximum aggregate offering price of $100,000,000 of our Common Stock that may be issued and sold from time to time under an equity distribution agreement with Canaccord Genuity LLC, or Canaccord Genuity.
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