I said this because I owned a lot of CVM shares for $0.40 cents per share, then it dropped to 20 cents, and stayed there for a long time, I lost 1/2 of my investment, then the reverse split happened, my 20 cents became $2, then dropped to 80 cents, which means my 40 cents investment became 8 cents, I finally got rid of all of my stupid CVM investment at that price. I am so very bitter, so I want to look at this one more time before year end, and share my road to perdition with other investors. Even when phase 3 passes, it will take a few more years before FDA approves, and if FDA approves at all. Your risk is extremely high if CVM needs more $, and decides to do another reverse split, and the reward is way too far in the future to even bother taking the risk. If you don't own it, don't buy, if you do, and your loss is more than 80% like me, it's time to put the last nail on the coffin. looking back now, I should have left when it was 50% loss. good luck everyone.