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ConstitutionNow

06/28/16 9:56 PM

#10260 RE: laser777 #10259

Am I reading the numbers right? Did they burn 2.4m in cash again last quarter? Margins suck yet...sure hope you're right about negotiating for commercialization of a phase III client...they need to sell something at a profit...SOON!!! Maybe next quarter will be better *sarcasm noted*.

stockwatchman101

06/28/16 10:01 PM

#10261 RE: laser777 #10259

Laser, I hear what your saying. But, what has this team done over the last two years to earn any trust from investors? They were told to walk away from the all but failed money raise/uplisting, but didn't. They also gave us all projections that were completely wrong and then backed out on them right after the uplist.

I would feel much better if I trusted this team. I don't at this point. They need to earn that trust through having a good understanding of where the business is going and providing predictable guidance. Since they are winging it, there is no guidance. It's seems like they are flying blind, burning through cash, buying shares for themselves at firesale prices, and waiting/hoping for phase 3 approvals eventually...

The investors that have been loyal to keeping them afloat over the last 10 years have been all but abandoned with reverse splits and warrants that have expired...