PPS-gains-not-based-on-Profitability-based-on-Speculation Agree with the comments if premised on Investor potential gains not being contingent on profitability. Any upside is heavily weighted based on Speculative investing and the potential returns are significant. Easily 3-5X.
However, the same speculation can be applied to the PPS going to zero.
My hopes are with a "FDA Clearance" speculation PPS bounce of 10X, maybe higher.
The only "reward" here is for the insiders and family members who are buying apparently limitless quantities of shares at a 50% discount.
It's obvious to anyone who actually looks at the financial statements instead of simply believing the random fact-free predictions and sprinklings of pixie dust from the company.
Sorry, anyone even vaguely conversant with the numbers, with the incredibly abusive and incestuous IBEX deal, would instantly understand there is NO HOPE here. Shareholders are being diluted to death as share issuance explodes exponentially to cover the incredible amount of outstanding debt to family members....
There are (at this point) over 7 BILLION SHARES due to be issued to the family.
I'm so glad I took the time to read the financials! It really doesn't take much accounting knowledge to see what's going on here. As I said, it's obvious.
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