All I understand as a shareholder is
1. Company generates 2M+ Revenues right now, with.lower cash burn rate with debt gone as no debt service required. No restricted cash, all cash available for gwnwral corporatw purposes.
2. We were asked to consent for another R/S and double A/S, rationale is company will run out of cash after May.
2. Alto (Waqas Khatri) is the only material shareholder >5%. He is the one who drove price up last fall, single handedly, before dumping right after R/S announcement.
3. ROTH appears to have had a bought deal with a consortium for 180M shares in Feb, with each having less than 5% for them not to disclose on Form 13
Mgmt appears to be thwarting a possible hostile takeover because they want to stregthen their poison pill option. They will never let this 30+year to go to BK.
The game is heating up as we get into final stretch of 12 months to FDA decision.
This is bound to jump to at least 50 cents by Sep 30 once, in my opinion. Do your DD before investing.
I voted NO for both proposals for my shares.
News 
Market Data 
Discover 
