Before you post something make sure it's accurate, you got your advertisement "ANX has 42 million no debt" using the "key statistic" here on yahoo.
Read this FOOL!!!
In May 2010, we completed a registered direct equity financing raising gross proceeds of $19.2 million involving the issuance of 19,217.13 shares of our 2.19446320054018% Series F Convertible Preferred Stock with a stated value of $1,000 per share ("Series F Stock"), and 5-year and 1-year warrants to purchase up to an aggregate of 2,595,156 shares of our common stock. In the aggregate, the shares of Series F Stock we issued are convertible into 5,190,312 shares of our common stock. As of June 30, 2010, 2,883.57 shares of our Series F Stock were outstanding. All other shares of Series F Stock have been converted into an aggregate of 4,411,220 shares of our common stock. We received approximately $13.3 million in net proceeds from the financing after deducting the approximately $4.2 million we placed into an escrow account to pay the aggregate dividend payment in respect of our Series F Stock, placement agent's fees and expenses and other offering expenses. We may receive up to approximately $9.5 million of additional proceeds from the exercise of the warrants issued in the May 2010 financing. The exercise price of the warrants is $3.65 per share. Subject to certain beneficial ownership limitations, the 5-year warrants are exercisable any time on or before May 6, 2015 and the 1-year warrants are exercisable any time on or before May 20, 2011."
Is this what you call no debt? You are just making a FOOL of yourself every time you post your St*pid advertisement. Do your own DD idiot!!!
As you can see they've clearly been REJECTED AGAIN. To keep the mortgage payments and new cars going the only answer is DILUTION .
Has been at the doors of bankruptcy before till a r/s and dilution brought the dead back to life. Snake oil basically don't sell.
FDA Refuses to Accept Adventrx Pharma’s New Drug Application