I'm invested in another company that comes out with PR about twice a month, seems like. It maybe something small, but the adverse reaction is it causes investors to be informed and feel a level of involvement. They pay attention to the stock more and are willing to purchase more shares.
Since Penny stocks are more volatile and comes with the history of a bunch of them being scams, its more important to share info with your shareholders to comfort their concerns and hesitations. By being silent, BMSN is making a bunch of shareholders nervous. We are not seeing any progress, only news about this person getting a large amount of shares, and dilution.
What I would like to see is News released, lets say on the 20th of every month, titled "September Update to Shareholders." It could start with an update about the FDA response for Hema, and then dive into the future. "While we await a FDA response, we are moving forward with preparing to file an IND with the Min technology. Dr. Min has been coordinating tasks with Dr. Who, working in a collaborative effort on the effects of gene splicing in mice. With the evidence we gather in these new experiments, its positions us to have more success in future FDA filings."
It could be very general as to not include specifics about the patent technique, but gives us info about work being done. It shows us a path to the future earning potential. This silence feels like I gave $10K to a contractor to redo a bathroom at a rental house, and he hasn't shown up onsite in 2 months.
"There are moments in a match when the ball hits the top of the net, and for a split second, it can either go forward or fall back. With a little luck, it goes forward, and you win. Or maybe it doesn't, and you lose." - Match Point
