There is always a bull and bear case. This stock is dirt cheap with good cash flow and very good prospects for growth in the future with fda approval towards the end of the year, but not raising funds was a blip.
I say this with as much respect as possible, but you don't understand the stock market and why and how it moves. It really doesn't matter what a stock does in a month. Stocks are irrationally valued all the time, and thanks to that you can buy some on the cheap at times.
Because of the madness of crowds and humans hardwired proclivity to follow the leader, stocks can be down and stay down - sometimes for years. The skilled investor knows what he holds and is ready to wait it out. All assets intersect fair value at some point on their associated price chart.
Example. How many years were tech stocks overpriced before the bubble burst? How many years was housing overpriced before the bubble burst? How many years was the dollar overpriced before it lost value vs. other world currencies? These are huge trillion dollar macro-economic assets/classes/"stores of value" which as a whole were drastically out of line with fair value. Little small caps like this can be even more exponentially out of whack in the short-term.
No Offense Brother, but know what you buy and hold.
It was AMS's decision to terminate negotiations because they believed it wasn't in the best interest of the company. The other party was told that negotiations were off; the other party didn't tell AMS they were interested.
I spoke with a company employee about this and they said they had disclosed this at their annual shareholders meeting.