Enough with the Bankruptcy. It's not happening. Just like the reverse split was never happening. Just because a Co. discloses their financial restraints it doesn't mean they close shop. As a public Co. they have to include those risk disclosures. It's like dealing with idiots on this board. They have stated in numerous filings in the past the same disclosures. This is a Biotech Co. that will continue to burn cash and will not change. They will grind it out and survive. Their investors have pounded the stock for liquidity reasons not because they feel the Co. is going bankrupt.
I'm amazed it hasn't dropped below a penny yet. I may throw another $100 at it if it does. I'll drop a $100 at a casino without even thinking about it. For some reason I can't do that in the stock market, which doesn't make much sense, considering it's probably a little better odds.
I say the same thing...Ive invested in speculative stocks that have had revenue and products, but business was bad, and traded sub penny....which is where I think this would be if all the bashers were correct....live and learn
You know I am....I said it before, and I will say it again, I buy $100 worth every paycheck (twice monthly). I will continue this until I get the official word that this company is done. I would buy today except that the money wont be ready until Tues....So at 1pm Tues, you can guarantee I will be buying if the company is still trading....hopefully you and I can chat about this three or four years from now remembering how we bought our shares for a penny.
<<So at 1pm Tues, you can guarantee I will be buying if the company is still trading....hopefully you and I can chat about this three or four years from now remembering how we bought our shares for a penny.>>
I'm not as brave as you as to buy anymore right now, but I do have 20,000 shares that I bought over the past couple of weeks. But isn't 10,000 shares for $100, very tempting for us gamblers? I'd better stop here or I'll talk myself into buying more.