VistaGen Therapeutics Inc (VTGN)

[RealWorld1]

No Shock, just reality.

I am intimately aware of the role capital raises play in emerging companies. That said, I laud your faith in a company that is in effect bankrupt, is late in filing their most recent 10-Q, doesn't speak to investors other than through a conflicted IR firm, doesn't hold shareholder meetings, etc.

As I recall you have even asked for a conference call with management which was met with silence. That speaks volumes.

VSTA needs cash, and needs it yesterday. If in their desperation they turn to such an obvious fraud and scam as BGMO then one has to question their judgement as management. BGMO has changed the deal twice without paying VSTA a cent. Doesn't this concern you?

And saying that VSTA will just get the money elsewhere is called denial. If they could get the money they already would have done it instead of stooping to dealing with BGMO.

Once again, the stock appears not to trade. Tells you something. Any potential buyer, which is what is needed, who reviews this situation (its called analysis and due diligence) will do nothing until their enough cash for the company to keep the lights on. There is no sign anywhere that said cash is forthcoming.

This remains a financially dubious and speculative biotech play. Most of them fail. This right now looks to be a failure.