this came down from $3.50 to .57 due to fear of not meeting NASDAQ compliance.
If that is what you think ..... you should not be investing in a stock like this. The stock dropped like a stone because: 1. the company has done nothing for a years 2. NO MONEY .... IMMINENT HEAVY DILUTION - OVERDILUTION JUST TO KEEP LISTED
If Odidi had a partner lined up and ready, the dilution would not have been done like it was and likely for far less. But the street knows this company is a joke and really has little to nothing going at this time. Odidi should have diluted less and dropped the listing ...... period. YOUR CEO OVERDILUTED BECAUSE HE WANTED THE PRESTIGE OF STAYING ON NASDAQ INSTEAD OF TAKING HIS MEDICINE AND EARNING THE LISTING BACK THE RIGHT WAY.
The valuation of a company can be effected by an exchange listing ...... however the exchange is totally irrelevant to its true value. I am probably in the minority but again it would have been better to dilute less ..... let the stock go to OTCBB vs keeping Nasdaq. What has being/staying on Nasdaq done for the company ? Zero.
Now that they met compliance, we should trade at $3.
Really ? That is laughable. THE CAPITAL STRUCTURE FULLY DILUTED IS NOW 45+ MILLION SHARES (PRESPLIT WOULD REPRESENT 450+ MILLION SHARES). IPCI is worth $135 million just because they are on Nasdaq ??? How ludicrous is that statement ??
I am not saying this stock can't bounce with good news, but it simply isn't worth what you think based on the information available today.
First off no one believe you bought x shares. And when we were at $3+ post rs we had 2 million less shares and nevermind the warrants with no lock up. So explain to me if I had warrants at .75 why wouldn't they be executed above $1?