Have they asked for authorization from shareholders yet?
Do they need it?
perhaps a name change is in order.....that's typically what some biotechs do after big failures - maybe they can mimick a successful company - how about Celgenie or maybe Amgina....?
yes..they need shareholders to give permission...but u don't want reverse split....reverse split is a bad sign of bad management
That's out the blue! they have no debt, cash on hand, so no they don't need it. Buyout Yes!!