The guys buying those units today at .07 share are expecting to sell for a higher price, and currently their new shares are not registered and can not be sold until they are registered. They may have further selling restrictions we do not know of, but they won't be selling for less than .07, so that sets a floor there. Also it increases the cash on hand by 500% or more (does someone know what cash on hand was?, it may be more like 1000% increase in cash). On going losses per share will drop due to dilution (looks good on the books to new investors). They now have cash they badly needed, and have added several items to the drug pipeline, at minimal cost IMHO. I am impressed with what they have done.
But as a wise man once said: "We will see" I doubled my shares today buying at .065, but what puzzles me is why the offer price sat unchanged almost all day today. Tomorrow may change this as people catch the news over night that do not day trade. I had my old shares on a sell order at .08 till this morning's news. I changed that sell order to .15 today, and bought more at .065.
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