Oramed Pharmaceuticals Inc (ORMP)

[Amatuer17]

This is the worst fear.
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.