Zero 5% ownership what is not a good sign, the professinal dont buy it why should i ?
CEO liad many times.
they need at least 100Mil. more cash till they reach the black zone.
i follow it still but would never buy it now.
That is quite a reversal for you. You do know I'm sure the CEO was just replaced a few weeks ago?Not sure if they need as much money as you suggest, but I suppose it could be that high a year from now depending on how they expect to take advantage of the market opportunities and what has been approved by the FDA by then. I would agree a key mistake here has been underestimating how much cash they will need. I still think a J.V. or equity purchase by big pharma is a possibility--or a complete handoff of the company as the cash needs become apparent and closer.