5 cents, and it has nothing to do with necessity. Dirtbag BIO CEO's do reverse splits for the fun of it. Why is he different? Why does he get a pass?
It's GUARANTEED... Written in STONE that he does the RS on the 13th, EXACTLY what he did last year.
IF he hadn't DILUTED 300M shares (TO guarantee the RS passes), I would be hitting the Green button because we would be at a minimum of $10, everybody would know about T2 and everybody would be happy.
NOPE... Can't have that, CEO needs his 1/150 or at least 1/50 because he SOLD US down the river for the Institutions to make cash. That's all there is to it. They make cash shorting the F out of it now, and after the RS they make cash shorting it, and then when he dilutes AGAIN, they make cash shorting it.
It's called BIO, and it's called rinse and repeat for almost all of them.
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