InvestorsHub Logo
Followers 2
Posts 1360
Boards Moderated 0
Alias Born 01/05/2018

Re: Battle Ready post# 21106

Monday, 12/19/2022 2:22:26 PM

Monday, December 19, 2022 2:22:26 PM

Post# of 21531
If that's what you expect, you shouldn't be invested in this company, or any startup at all really.

This company exists to develop a drug that can be sold for a profit and to do that they need to run more trials and continue diluting.

Buybacks are always used as a last resort for established profit-making companies that have no better use for that money.

Sometimes it's better to just take the loss and move on. It will take a long time for the next trial to produce results and until then they will have to burn through remaining cash and issue more shares.

Cash value is meaningless because the cash will be spent on trials and keeping the lights on until the next fundraising round.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent SNPX News