"When is this SCAM going to crash and burn?"
That's the excitement here! That is the drama! Most of us know it WILL happen, it's just when. Two scenarios.
1) The SEC steps in and takes severe actions against Berman and the company.
2) This is the tough one. How can any of us predict how long the existing shareholders will keep believing every excuse and continue this now 5 months of "approval coming soon" mantra? For sure, the Bozo Berman has extended that hope for another 2 months, or more. How many more excuses will they believe? How many more times will they believe the the FDA keeps changing the criteria for DECN? How many more months can they ignore the lack of science as to why this is unapprovable? EVENTUALLY they will understand. Granted, there is little/no sign of this happening yet.
How do you try to estimate when a group of investors, undaunted by a $16 million loss, undaunted by the existing business contracting by 1/3, undaunted by over 100% dilution in the past year, will "get it"? If you can ignore all those basic business concepts, then you can ignore almost any bad news! That is the nature in the pinks!
I say, come late fall, SOME of the believers will waver, start selling, and quietly disappear (look for the disappearances, the Achilles heel, so to speak, wink). For sure as the first and second vaccines are approved, that will start the LONG SLOW process of reality!
Yep, most of us figured by now, everyone would see this corona scam as for what it is! The lesson here is NEVER underestimate what an imaginative CEO can do in the pink sheets!
I wouldn't miss this for the world!
In the future, you'll see this from me, more and more, as it seems to be Bermans key excuse! "It's all the FDA's fault!". Pink sheets are the land of rationalization and excuses (instead of profits). Unless the SEC steps in, this is the excuse use to move on after everyone FINALLY knows this chapter of the scam is over.
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