It was an internet company when the internet was hot.
Now it's a cancer company because biotech stocks are hot.
It has 150,000,000 fully diluted shares outstanding and has conducted virtually no trials.
It's way overpriced.....close to $200M market cap for dung on a stick.
Hype a "cancer stock" and you can always find gullible saps to fall for the scam.
If CTIX could match CTIC in the scam company standings it would be a much bigger feat than actually bringing a drug to market. The real James Bianco is the ultimate modern day snake-oil salesman. Year after year he dilutes, uses enterprise value to buy #$%$ drugs being shopped before being taken to the dump. He has no intention of saving lives - he lives, as our friend Adam F. put it - to be ready for yachting season each year.
After buying a company jet with company funds before the Xyotax debacle of 2005 (where I learned some painful lessons about company exec integrity and the limits of message board modeling/simulations) he referred to patients who "suffered grade 5 neutropenia." In other words, they died. The stories go on and on.
I don't know much about CTIX but I know if they want to take on CTIC in the scam standings they've got their work cut out for them.
Bashers don't bash bad companies . They are nervous about there short position in CTIX. This stock was up over $2.40 at the end of dec. when the short's and MM took it back down . Look at the pr put out on Jan 24th. "Research by BIDMC combined Kevetrin with sunitinib on cell line 786, a drug-resistant renal cancer. Cellceutix was advised by the researchers that "the Kevetrin/sunitinib combination is the first we've used in which actual tumor shrinkage is noted."
Shorts argument is that it's all part of an elaborate hoax, to scam mom & pops ???? I don't think so. Just them scrambling to spread fear and non truths. Same thing they are doing here.
Sentiment: Strong Buy
Ha you like spreading non truths don't you ! I say your good at finding the winners, now you need to work on being on the right side of those stocks. Your short clsn , wrong side, and ctix , wrong side. You must hate money.
Sentiment: Strong Buy