All those recent "friendly" funds/guys have signed NDAs and yet they got $0.17 shares plus $0.22 warrants.
What on earth did that imply "a winning card" is near or in hand? Or if that's true, meaning we will see a successful trial result in the near future, then how horrendous was the financing deal we just had, or how absurd we have been sold by dear leader Linda Power!
Come on, I give the chance of eventual success at 65%, but Linda has to be watched, and reported for her suspicious action.
Personally, I believe she has enriched herself on an ongoing basis, even now under SEC's watch (BTW, SEC is nothing of a strawman anyhow, set it up to protect big money, not retail investors.)
There is a myth saying voting no will bankrupt the company. Well, voting yes will bankrupt the company too on the same argument that if the trial is a failure! On the other hand, even if the trial is a failure, the company can still continue as a business with R/S, dirty/cheap deals with financiers (old or new),etc.
There even is case where a company announced bankruptcy because of FDA rejection to its drug application for approval (thus it could not raise any fund to continue), but a few months later it was revived and soaring after FDA reconsidered its previous decision.
I was lucky enough to participate in another company (VNDA) when its largest shareholders asked the court to liquidate the company, in a similar circumstance where its drug was rejected by FDA and the only thing it could do was to appeal. I got in at around $0.9, and got out at around $8 ~ 12 after FDA reversed its own decision.
Realistically, I don't think at the point our no votes will make any concrete difference as Linda has already made those "retail investors despising move to secure enough votes for whatever she wants to do; during this process she has sold us retail investors, but a no vote can send a message to her that we are not happy, and be aware.
There may be further action if necessary!
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