AI
Thursday, March 12, 2009 11:19:15 AM
In my opinion...
...the only reason this stock price is moving upwards is because:
1) New investors don't understand the financial situation of the company and they're just jumping on board
2) Speculation that the company will even be around in the next 30 days
The last time this stock moved upwards, it was on speculation that drugs would be approved. Now it's moving up because people are hoping that it can stay alive by the end of March...much less complete any kind of trial.
If it gives people a warm and fuzzy feeling to put their dollars into speculation on whether or not a company can keep the lights on, knock yourself out.
When a certain individuals continually use words like AMAZING!!!! INCREDIBLE!!!! WE'LL BE RICH!! OMG!!! You need to realize that they are trying to take you for all you're worth. That's #1.
Now the company is completely out of money with no investors in sight, as per their presentation at the 2009 conference and their S-1. Why some people continue to say the opposite from what the company is telling you POINT BLANK is beyond me. I guess some people are really big dreamers.
Slide on financials from the END OF QUARTER 3 2008 (6 months ago...they're really broke). You'll also notice that this company conveniently removed this slide from their corporate presentation deck on their website.
FROM THE S-1 that was released a few days ago after Genasense denial from the FDA.
Our business will suffer if we fail to obtain timely funding.
Our operations to date have required significant cash expenditures. Prior to completion of this offering, we have less than two months operating cash remaining. Our future capital requirements will depend on the results of our research and development activities, preclinical studies and clinical trials, competitive and technological advances, and regulatory activities of the FDA and other regulatory authorities. In order to commercialize our products, seek new product candidates and continue our research and development programs, we will need to raise significant additional funds irrespective of market conditions.
If we are unable to raise additional funds, we will need to do one or more of the following:
• delay, scale back or eliminate some or all of our research and product development programs;
• license third parties to develop and commercialize products or technologies that we would otherwise seek to develop and commercialize ourselves;
• attempt to sell our company;
• cease operations; or
• declare bankruptcy.
Presently, with no further financing, we will run out of funds in the first quarter of 2009. We currently do not have any additional financing in place. If we are unable to raise additional financing, we could be required to reduce our spending plans, reduce our workforce, license to others products or technologies we would otherwise seek to commercialize ourselves and sell certain assets. There can be no assurance that we can obtain financing, if at all, on terms acceptable to us.
I mean, they're screaming at investors, WE DON'T HAVE ANY MONEY! Yet some people continue to buy into the hype. Don't believe the hype. You're going to lose it all without additional funding.
...the only reason this stock price is moving upwards is because:
1) New investors don't understand the financial situation of the company and they're just jumping on board
2) Speculation that the company will even be around in the next 30 days
The last time this stock moved upwards, it was on speculation that drugs would be approved. Now it's moving up because people are hoping that it can stay alive by the end of March...much less complete any kind of trial.
If it gives people a warm and fuzzy feeling to put their dollars into speculation on whether or not a company can keep the lights on, knock yourself out.
When a certain individuals continually use words like AMAZING!!!! INCREDIBLE!!!! WE'LL BE RICH!! OMG!!! You need to realize that they are trying to take you for all you're worth. That's #1.
Now the company is completely out of money with no investors in sight, as per their presentation at the 2009 conference and their S-1. Why some people continue to say the opposite from what the company is telling you POINT BLANK is beyond me. I guess some people are really big dreamers.
Slide on financials from the END OF QUARTER 3 2008 (6 months ago...they're really broke). You'll also notice that this company conveniently removed this slide from their corporate presentation deck on their website.
FROM THE S-1 that was released a few days ago after Genasense denial from the FDA.
Our business will suffer if we fail to obtain timely funding.
Our operations to date have required significant cash expenditures. Prior to completion of this offering, we have less than two months operating cash remaining. Our future capital requirements will depend on the results of our research and development activities, preclinical studies and clinical trials, competitive and technological advances, and regulatory activities of the FDA and other regulatory authorities. In order to commercialize our products, seek new product candidates and continue our research and development programs, we will need to raise significant additional funds irrespective of market conditions.
If we are unable to raise additional funds, we will need to do one or more of the following:
• delay, scale back or eliminate some or all of our research and product development programs;
• license third parties to develop and commercialize products or technologies that we would otherwise seek to develop and commercialize ourselves;
• attempt to sell our company;
• cease operations; or
• declare bankruptcy.
Presently, with no further financing, we will run out of funds in the first quarter of 2009. We currently do not have any additional financing in place. If we are unable to raise additional financing, we could be required to reduce our spending plans, reduce our workforce, license to others products or technologies we would otherwise seek to commercialize ourselves and sell certain assets. There can be no assurance that we can obtain financing, if at all, on terms acceptable to us.
I mean, they're screaming at investors, WE DON'T HAVE ANY MONEY! Yet some people continue to buy into the hype. Don't believe the hype. You're going to lose it all without additional funding.
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