VERY misleading article with some out right errors, i.e. the company did not merge with anyone in 2017 and "sales have not lived up to expectations" in reality, there have been ZERO SALES, NONE, NATTA of the FeNix product in the over 2 years since market validation and the deal with Casale SA.
However, most people will not do their own DD and this article will likely make the PPS jump, at least in the short run.
There are a lot of shares that have been converted, according to fillings as many as 1.5 Billion. I know many have said the A/S has not increased but it's extremely unlikely, statically speaking, that every possible outstanding share has traded over 2 times in the last 3 trading days. I don't see how it could still be at 500 million. They approved raising the A/S to 5 Billion back in July. *** read the sticky
QSIM has told us they will not file 10Q's going forward so hard to tell what's really going on but where they left off is pretty bleak.
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