Algernon Pharmaceuticals Inc (AGNPF)

[Money $hot]

Correction: After the latest fire sale @ Algernon, Christopher Moreau will have effectively taken the company from less than 50 million shares fully diluted to more than 750 Million outstanding shares and north of 1 Billion shares fully diluted since his tenure. That's when you factor in both reverse splits of 2 to 1 and 100 to 1.

Full Stop

Having given the latest F-1/A another look, the Outstanding Shares including the giveaways will increase the outstanding to north of 5 Million Outstanding Shares not including the warrants. If the company survives through all the basement level Phase 1 studies in the pipeline, another massive dilution scheme will take place yet again to move any of them to Phase 2. From there, the question becomes whether or not any of those studies will be powered for stat sig or just another study to determine if they want to move to a real Phase 2 study powered for stat sig. The entire business model is set up for collosal and catastrophic dilution. Moreau will dilute the company back to 100 Million plus shares in no time flat. The pre reverse split shares will literally be worthless. As it would take a Billions upon Billions of dollars market cap to get close to break even. None of their plans are on your side and their timelines are set for them to retire at ripe old ages while draining the public of pennies with pathetic stories. These people have put on a master class of how penny world execs operate in the real world lowlife bowels of the stock market. I've yet to be proven wrong and the numbers don't lie.

Christopher Moreau's goal is to make a life changing difference for shareholders. Anybody remember that tripe spewing out of his mouth in one of those webcast stories?

Newsflash: Moreau wasn't really talking to you. He was talking to the people he loves cherishes and worships. Insiders and anyone else he enjoys getting bent over the rails of their yacht parked along the coastline anywhere in the world. A remote office location for the insiders...yeah I get. It's a lifestyle.

M$