Nobody can put a finite timeline on it but it’s headed that way.
Said another way, if the first patient in Brazil isn’t dosed by next week, will you come back and say the trial is dead?
You can say that about financing and revenue!
Currently, there are over 140k shares dumped already in the Euro market which is six hours ahead. These are not buyers. They’re dumping…. FAST!!
What happens is the share price collapses, the company needs to raise capital and authorize more shares at a lower price to get to the needed capital amount!
Specifically, you’d sell less shares at $10/share value than at $1.00. It’s that $1.00 target that bring massive dilution and there’s only a small moment of authorized shares. They’ll need to vote to authorize more shares or go bankrupt because they have no money.
It’s not that hard to figure out