in the last reverse split, the stock fell from $13 to $1, then surged to $2.25. It was definitely going to go on a multi-day run, or sure felt like it, and then they announce the convertible loan.
On the day they announce the end to the convertibles, it shoots up from 4 cents to past 9 cents -- and again we are on the cusp of a multi-day run. Then we just get hammered with more dilution.
After this past awful financing, the stock mostly held up. I was starting to almost regret selling most of my shares at the market open. And then, they announce plans for more financing, a higher AS, and a future RS. If the meeting is in April, did they need to announce it so soon?
It feels like the company has a real focus of making sure this stock punishes people right now. I mostly babble away on another thread right now, on a "scam" stock I no longer own, but that scam stock at least has a mgmt which tries to pump the stock and raise the PPS.
Here, if and when this stock gets good news about Chemostat, etc, they'll give us the good news in piss from a bad liver. Which is inappropriate for a company if it doesn't despise its shareholders.
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