71.9 million USD in short term interest bearing notes.
And 7.5 million USD greenbacks.
6 million USD total liabilities.
market cap of only 107M USD with Price/Book of 1.3 (and that is mostly cash)
Negligible intangible assets no goodwill assets. Just hard green cash money.
hardly diluted any stock.
They have been running 353 million shares for several years, and recently decided to issue additional stock to raise more capital since they have sold 5,791,697 shares of stock for $11.5 million dollars.
above current market price
When is the last time you have heard of a company issuing new stock above market price
This company is also in medical trials with multiple new drugs in trial, seems worth a gamble can't see it going much lower with all that moeny and multiple drugs going through trials. I am buying ion this quick pullback someone dumped.