Replies to post #15766 on Algernon Pharmaceuticals Inc (AGNPF)

[Money $hot]

Ummm...

55

You/folks cant think AGN goes to Nasdaq @$4 with 1.7M OS? That money will be raised Before there are actual successes to chase and specific plans being formulated.?. Really?

Excuse me Sir. Have you seen the playbook ran by XORTX? You know, the company whose Chairman Of The Board is now an "Advisor" to Algernon? XORTX did a capital raise in concert with a Nasdaq listing.

Yeah. I agree they could do a raise before a Nasdaq listing, but I believe it would make Algernon's uplisting chances (requirements) worse. Meaning, Algernon needs to meet the minimum listed share price. If Moron goes all in with yet another Game/Friends/Cayman Islands Pennyland Fire Sale Private Placement before a Nasdaq listing, thereafter I can envision a 1 $ stock price for the foreseeable future. Just like XORTX now since their recent Nasdaq listing. From what I can tell, Moron has already telegraphed the next play here.

Going back to all your numbers formulas and such, none of it is good for current shareholders. These 3 or 4 dollar price targets are merely the equivalent of selling shares at 3 and 4 cents pre- reverse split. I've already done the math in what a 10M capital raise will do to the overall Outstanding Shares. It's devastating and your numbers compound the problem by 2 3 or 4 fold. 6 Million outstanding shares from here forward is a complete disaster and basically wipes out anyone's real chance at recovering losses in their lifetime.

The consolidation of shares provides management the EZ route to wipe out existing shareholders. Period. Morons claims about making a life changing situation for shareholders is all bullshit as we all know nothing he says can be trusted and most of it never pans out as stated or planned. Moreau is a natural born loser. See his prior 10 year track record at Miraculins. Miraculins is the same company where the current/new Chairman Of The Board and new bean counter CFO got their pound of flesh out of shareholders. You think any of them have the mindset to do anything different at Algernon? We've even seen Doc Williams, of all people, (brainchild of Algernon, former CSO, and present Director) get his pound of flesh by ki$$ing the ring of King Cobra at First Responder Technologies right alongside Moron Moreau. They have shown us their souls and who they truly represent - it's not common shareholders (non private placement shareholders).

As I continue to reiterate, the numbers we are looking at moving forward cannot be misconstrued as actually being dollars this and dollars that. You must divide any share price number from here forward by 100. That is the true equation any of us are working with moving forward. I'm not brainwashed by the moves made by management. You may want to conveniently forget the past, but I assure you I will not. I will continue to discuss this disgusting company in the true context it deserves. Diluting the company by 2 3 4 fold from here forward is disastrous - that's the equivalent of 200 300 400 times dilution dude! Especially when you consider the ONLY THING that will happen at the clinical trial stage this year (2022) is the start of a Phase 1 DMT study.

Let that marinate...you will be here the entire year just waiting and waiting and waiting for results of a Phase 1 study already preordained to be a success. There is no upside catalyst to that type of news. The same thing goes for the waiting and waiting and waiting for final data results of the IPF/Chronic Cough study. We already know Algernon wants to now run a real clinical trial for Chronic Cough. So news of final data is basically useless. Unfortunately, Moron can't decide if/when they will ever start a Chronic Cough Phase 2 study. Nor does Moron know if such a study will be conducted in Australia, done 2nd World country, or North America where real tech companies like Bellus Health actually get shit done in a timely manner. There seems to be no stone unturned when it comes to ways management screws over investors time and again. This next go around will be much worse. Expect 1 $ share prices in 2022. That means 1 Penny trading.

1 opinion,

M$

[tcm55]

I thought I was clear about my wish list of a forward share increase...

repost/edit>

I'm saying 2 for 1 is 3.35M + 1.6M for capitol raise (etc) = 5m total OS.
or,
3 for 1 = 5 M + 1M for capitol raise = 6M total OS. Initiated After good news and as Nasdaq listing occurs. Possible...
,if there is sufficient progress/pump to get to $30+. Presumably timed with the Nasdaq move and offering...

Good news on One or more initiative and there are chances long shareholders will profit well.

!!!
You/folks cant think AGN goes to Nasdaq @$4 with 1.7M OS? I cant see that money will be raised Before there are "actual successes to chase and specific plans being formulated" to raise money for.?.

Really?!!! Stroke, Cancer Tumors, IPF/CC and CKD are all possibly huge. IMHFO.

Bad news on current initiatives and all will enjoy a big bite of the sh*t sandwich. ie, raising money after flops at <$4 will really taste sh*tie.


Deep dives reiterating possible worst case scenarios and airing past peeves? Plastered everywhere ad nauseum. GLWT...

Just My Opinion on a Possibility...GLTA...