Most of the recent pump was so that BTX could dilute & borrow/dilute another $100 million worth. Check the filings for an S3 around January.
As usual, retail cannon fodder got successfully sucked in.
And, as usual, all the "longs" here shut up as soon as they got out, leaving a new class of newbies to drop out or become cult members.
which means look for BTX's next round of dilution.
It's part of the old school boiler room tactics that BTX used from '96 to 2008 to start a witch hunt for "evil shorts."
Anyone notice ho9w much the sohrt interest went down after this dog went back under 3?
Which one? The one proven to work. So PanC generic equivalent willo retail at $500? wHen did Mikey promise that? If it is the price, how much goes to BTX?
Talk is not cheap: it's 90% of BTX's mkt cap.
"by year end this company is bankrup" NOpe. not at all.
"there will so much stock outstanding that it will be difficult to ever show any real PE ratio." Already is.
Mikey's last enterprise went from around 12 million shares to over a billion before caving in.
Utill the lats round of pump&dump dilution vol was around 120K--and2nd 2 years before that vol was~60k.
Learn to read a 5 year chart. and the filings.
"What don't we know?" That the "results" are already priced in over a 5 year hold. Possibly another fake "investor service" will hype this on behalf of cronies and MMs, putting some beta in to trade around.
""What don't we know?"' ... That BTX is a chew toy for specialists, mMs, and traders.
Whoa. I have never stated that BTX was all smoke and mirrors---only that the PRICE is.
And that is "why" the cronies talk people into buying the rumour--so they can sell the news.
The "big news" right now is that Mikey is going to a dog&pony show to convince brokers working on commission to try to push their retail cannon fodder into buying--so that BTX can keep raising the $100mm it promised to raise with the least dilution..... Not one word will be said towards any actual gross revs above G&A.
Go look and see what BTX itself says about its book value--and then decide if their estimate of the value of the patent estate is over-inflated--- my point of view---or if they are hiding the actual i/p value--which is the only thing that justifies going long over $2.
" So far, one patient in 3 months." Uhuh. And it will remain so. As GERN started realising they were not going to get anywhere with Mikey's thinking, the first excuse they had was "Airbags work too well."
The entirety of the "good news" in the first trial was that nothing happened at all, and therefore nothing went wrong.
On that basis, double the dose and relocated the injection point superior on the axis---which only scored 71 on the CIRM scale for utility as anything other than a real-estate subsidy to BTX's landlords.
" that company is letting the pricing go low to absorb all the hot cash" is total and compleat nonsense and boiler room smoke. Not long after BTX promised to sell $100mm in T-stock and bonds, it began pumping the price by any means possible to get the least dilution for insiders and cronies.
And, as usual, retail cannon fodder paid for it all.
Yeah, If websites were revenues BTX might make it. As it is, the review of the new website on the tape seems to indicate that no, revenues are revenues, and selling T-stock is not a great business model---at least not for the retail road kill who keep falling for this thing.
"They do certainly need to do a little more PR at least" Uh...what else besides PR DO they do??
Oh....get welfare checks to retiring out fellow travelers in the corspsicle cult.... and sell T-shares.
BTX does appear to be working hard toi get another couple of generics onto the mkt, which may, after 20 years, bring in revs almost equal to the cost of development.
"The retail investor has very little to do with this company. " False. Retail road kill is the raw material for one of BTX's two successful products: Hextend and T-shares.
Retail cannon fodder is what keeps the price above 14X sales--- thereby keeping this dog listed .
Those BTX "products" are attempts at "me too" generics. Like everything else BTX has ever brought to mkt.
THat's not how AK and Mikey play the game. Notice how once their options were locked in, the price doubled....especially under the pressure of generating the smoke&mirrors to do $100 in T-stock, bonds, etc. SEe the s-3 from around January.
To do TA on this dog, reading the filings is essential. .. Then it can be traded into accumulation, or just rolled, long or short, or long AND short---which is now obviously the case for some of the "longs" here.
"Nearing the end of cash on hand." Probably not. Check the change in O/S. As long as gameboys like the "longs" here can keep sucking in retail cannon fodder, BTX will keep diluting its way into being" ongoing."
BTX S-1 was 3mm (split adjusted to 9) It's now looking at 60mm--possibly in the rear view mirror.
Two thirds of that has happened since the D/E swap that moved Mikey from the BOD to CEO.
Great job of showing what a liar you are. Nobody said a word about RS. And BTX can (as it likely will have to,) print another couple hundred million shares before he idea makes any sense at all.
Good job of restarting the pump'n'dump for you and other cronies. Except that the bottom is no where in on this dog--if anyone actually reads the 10-Q.