This Company ran the Outstanding Shares up to almost 1/2 BILLION Shares prior to a Massive R/S that completely wiped out almost all Shareholders.
NOW, they are back to their TRICKS of dilution
20 Million in the last 4 1/2 months. With long term possibility with the absurd amount of warrants add another 30 to 35 Million.
They wonder why the stock continues to fall???
Now they may be in some HOT water because they have torked off Rodman & Renshaw at .50 cents for $5.5 Million on broken promises. Rodman usually make good money on their investments, but this one went array...Why? Because this company is totally dependent upon shareholders to cover their butts.
Their technology sounds pretty dang good...Yeah, BUT study the history of dilution and you will know why this is going down.
You cannot treat your shareholders like this!
I feel bad about all those who were totally wiped out and then the newbies who came in only to see incredible amount of dilution.
If their technology platform was half as good as it sounds, they should have partners paying for their trials. The idea sounds good, but to see it in a clinical trial will be good...the rate they are going, their patents will expire just the time the trials are complete.
Once they can persuade others to Sponsor their trials they may have a shot, if not, they will keep selling shares until this goes to ZERO.
They already suckered retail investors and now with no Volume how is Rodman supposed to get their money back.
If this hits .50 cents it will take Forever to sell. Then if it is lucky enough to hit .60 another bunch of shares will be sold.