The Golden Lounge

[Theo]

$OBSV I bailed on this earlier this summer. However, it appears we've got a year until the next (known) catalyst. Official impact date from today's News Release:

"The FDA set a target action date of September 13, 2022 for this NDA under the Prescription Drug User Fee Act (PDUFA)."

I won't touch this now- too great a risk for further dilution. They will need to raise additional cash before another year goes by and I suspect they will raise again soon imo. They approved an increase of an additional 11.5 million shares way back in February this year (authorizing their outstanding shares to go to 81.5 million), but according to the last Q, it appears they still have approx 5 million shares left (77 million currently outstanding) to sell into the float. But, I will still keep this one on radar going forward especially as '22 progresses. Still less then 100 million shares outstanding at this time...