It leaves a lot to think about. Who will buy that many shares ? original banker sold it a $8 and it went to .60 in less than a year. Same banker is involved in this new money deal.I thought they said they would not need additional cash to get to government approval.I do not think retail buyers know that the new issue is coming... did you?
You could read it (almost only, possibly only) by going to the KIPS home page, going to investor info, and then opening the SEC filings. There will find the complete prospectus. It is not the same underwriter as the IPO, by the way.
No I did notknow about the new financing, and it ticks me off that they led us to believe they would not need more cash to get to fda approval. I see today at 915 tues the 22nd, it is $1.22 on 7500 volume..scary.