Check the filings. BTX does this repeatedly, whenever the actual figures would get in the way of the hype.
Now that the burn is officially floating at $60mm annual, my stating in February that the next round of dilution would be around year's end is getting more accurate every day that AK is giving Mikey access to the toy box.
4x the 2008 o/s, with the only change being the burn is accelerating at about the same rate.
And if you are AK, you just got $100K cash to use gaming the stock. If you're Mikey you just got 10% of the "grant monies" awarded to actually do anything.
All of which will be paid by retail stock holders in the next round of dilution.
"No reason"? Rotfl....A guaranteed new round of dilution within a year. Flat revenues that do not cover G&A, and need to increase at 30% a year for 5 years to meet that basic target.
Right now there's "No reason" for this dog to trade over $1.50 except for the buying by the corpsicle cult.
With what? BTX is on schedule to be broke by next March without another round of dilution....The ramp up for which got started by AK's old buddy--Cramer.
"because we will not be relying solely on stats review for efficacy" Correct: AST will be relying on the hype. In order for revenue to actually appear, only statistical significance is relevant. But to sell T-0stock, the hype is more relevant.
" assigning a 58mm valuation on the rest of BTX is probably a bit undervalued." And then subtract the $45mm burn rate, and the inflation in AST, and realise BTX is "probably a bit overvalued."
Without gross minus COG not able to cover 1/2 of G&A--a formula for death spiral dilution, anything over $2 is a "bit overvalued.". But it's time to raise money again, and so the gamesters are moving the price around....
"Weil Cornell is our lung PanC partner and rumored to announce " that it will keep taking BTX's money azs long as it is offered--along with anybody else who pays them.
"Patent"???? rotfl..... That's been off the table for 3 years. A product that is not a "me,too" might be useful. So far, there never has been one.
" never will be - just another shell in the game." Right. It's not a product, it's a utility. The product is T-shares.
" PanC DX (Tm) is not real." Sure it is. Just ask USPTO. Now, if it were "Coca-Cola" it might lead to EBITDA...but since it's Mikey.....when you pop the top you get a fizz of dilution.