If the company's claims of events such as EUA application, an ongoing phase 3 trial, and especially millions in revenue from Community Shield were true, I do not think TSOI would have lost 90%+ of its value. But like any other garbage pink sheet stock, it did. Silly us for thinking this was a gem with a unique trustworthy, albeit unhinged CEO who was obsessed with stock boards but in the end all his critics were spot on.
If the company did not make the aforementioned claims and more, a lot of people would NOT have invested. This is what makes them dishonest and crooks. They lied, and in hindsight it was all a ruse to try to sustain their artificial stock price from the 2021 OTC run caused by the meme stocks.