Actually Hitech, I hear that BMRX and Ed Chen are now working together so time will tell whose source is better. You have not presented a single shred of evidence to support what you say. You seem to take facts, and then spin them to suit your purposes. Both companies needed to raise money. SQUM couldn't because of its huge debt and proved its inability to pay debt service. So BMRX raised some money. In this market, they were lucky. I know at least 2 dozen BB stocks that can't raise money in this market. So they did what they had to do. It appears that you would have liked them to file bankruptcy or shut their doors, but I think BMRX is a lot smarter than you think. I looked at this deal, and its not bad at any level. AT least thats my opinion, yours obviously differs.
But please answer the question, why are you hostile to a company and people you don't even know? Why aren't you leading the brigade against SQUM? Its either you were employed by SQUM, you invested in SQUM or you are looking for a way to misdirect everyones anger at SQUM onto BMRX.
I know at least 40 BMRX shareholders, and some of them got in at $3.00, some got in at $ 0.16. Every single one of them seems very happy because BMRX's management answers their questions truthfully, and they have a very good track history at doing what they say they will do.
The dilution you saw the company suffer, and the previous tumble in stock price is because several institutions converted over $2.4m in debt since Jan., and hammered the stock. Why? Some of those investors lost millions in SQUM and needed liquidity for its investors. BMRX was just part of a portfolio of companies that were trashed.If you look back, you will see at least three common institutions in both companies. So BMRX is paying the price anyway for the SQUM debacle, without your help.
