I fully agree with you
I have stated multiple times that this is a repurposing drug company that gets paid through royalties, while showing there are so many other choices and the investment world doesn’t give a crap about another drug in this space
the executives have exorbitant salaries plus options for a penny stock company that needed to do a reverse split to get on a bigger exchange which was a poor move but shows they are so involved with the stock price that money is the only thing that matters. The repurposing of those reverse split shares proves that point. The average shareholder doesn’t matter here
From the looks of it there are 35-40MM shares fully diluted at the very minimum plus the bondholders that may not be involved in that stock calculation, which can grow exponentially. At the minimum it’s already a “double” in the stock price as it is double the amount of shares from the offering, but there will be more.
Using the minimum calculations, a run to 20 is equivalent to a run to 40. That’s unrealistic.
There will not be a buyout, but there will be special wording to make one think it’s possible.
Add in the stampede sell before or on the actual news
Add in the overall recent market, possible margin calls, etc. Is this really a choice for an investment?
....and what if they delay, don’t get the label they’re hoping for, or the almighty CRL —-LOOK OUT BELOW