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skoobyfl1

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skoobyfl1

Re: Chadman post# 57815

Tuesday, 04/08/2008 2:34:44 PM

Tuesday, April 08, 2008 2:34:44 PM

Post# of 64738
Money is rolling fast out of the bank, the team has spent $30 M and gotten nowhere, they overpaid the help and have never had one timeline that actually came together in any way. The company is worth ~$8.6 M currently and needs to spend ~3 times that much to make it anywhere near a decent spot in a phase 2 trial.

So where is there to go from here?? 50 to 1 reverse split would make sense. That wouldn't affect the preferred shareholders, so what does it matter?



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