Examination and breakdown of what was actually said:
On 7-11 you said: "Of course you left out where I said with just eight million shares outstanding the stock will run wild up and down, and that if it's at all legitimate the market cap quickly needs to get to $100mn for a cash raise."
Yes, I left out the first part "with just eight million shares outstanding the stock will run wild up and down" as that is basic common sense understood by everybody which is why about a year ago I explained that the reverse split "in itself" does not lose investors any money as you will own 1/10th the shares but they will be worth 10 times as much so moneywise it is a wash.
I ALSO pointed out that an added benefit to only having 8 million shares outstanding instead of 80 million will be a good thing if in the future we get good news because the having 10 times less shares means those less amount of shares will move up Much More Quicker on any good news because of the 10 times lower float.
NOW, to the second part of your 7-11 post: "if it's at all legitimate the market cap quickly needs to get to $100mn for a cash raise."
That is NOT necessarily true as we know they now have enough cash to last until the end of 2025 and also have agreements and access to more cash if they need it.
NOW, if the share price goes to, let's say $20 and they decide to raise cash at a $16 valuation because they think they can put that cash to good use, ie: additional trials or R+D or whatever, then so be it, LET THEM. A decrease to $16 from $20 is still much better than the below $1 we were at very recently.
NEXT, your post that you referenced was from 6-23 where you said "there's just 8mn shares outstanding so the share price will run wild. Have to wonder why they'd leave themselves with such a low number of outstanding with no immediate large cash raise to up the count?? Hmm. It's a retail day traders stock now. Let's hope the "Review" (already late) doesn't include a move to the OTC."
Part 2 of your 6-23 post: "Have to wonder why they'd leave themselves with such a low number of outstanding with no immediate large cash raise to up the count?? Hmm."
You may have to wonder that but to everyone else it is obvious. They were left with a low number of shares because they DID A REVERSE SPLIT. You see, that's what happens with a RS, you LOWER your number of shares. DUH!
Part 3 of your 6-23 post: " It's a retail day traders stock now." FALSE. Day traders by definition are very short term traders, hence the word DAY. The retail or institutional buyers who have brought the price from below $1 to above $5 seem be to longer term holders, not day traders.
Part 4 of your 6-23 post: "Let's hope the "Review" (already late) doesn't include a move to the OTC."
Already assessed as an totally assinine statement.
