I've never seen any evidence that there was any "pump and dump" on this stock ever. McCullough has consistently bought shares at or above market value. But I do think the reverse split was a tactic to scoop up privately held stock at a bargain. Whether or not it was, the stock devalued from $4 to 1 penny after that reverse split. The stock would have stuck at a penny WITHOUT the split, meaning that shareholders would have retained 10x our value all this time.
But remember Hanlon's razor: Never attribute to malice that which is adequately explained by stupidity.
CytoCore held valuable property but could never find their way out of the locker room to the playing field. That's the problem this deal seeks to solve.
Re: the people running the show hold all the stock so it wouldn't make sense for them to do things that don't support PPS. I think things are looking very positive now!
I agree. I also like that Medite shows nice revenue which we never had, and hopefully a good network to spread the word around.
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