Hepion Pharmaceuticals Inc (HEPA)

[StocktraderDK]

$HEPA There are 76 million HEPA shares outstanding. >95% institutional ownership.

No filings were submitted for ~70% of the 64 million shares bought at the November and February offerings, meaning the vast majority was concealed. Before institutions bought 64 million shares at those offerings, there were 12 million shares out, with 3 million in the public float.

So, direct holders had ~9 million shares of that, and tutes got 64 million shares at the offerings, which possibly left ~3 million shares for retail then.

Also the chart just reversed.

Company has 120 million in the bank burning under 5 million a quarter!