Basically in a years time this stock has gone from $27.40 to $1.70 yesterday, post reverse split!
Stock offering coming up:
Total Cash (mrq): 5.72M
Total Cash Per Share (mrq): 0.57
Total Debt (mrq): 663.63K
Total Debt/Equity (mrq): 12.12
Current Ratio (mrq): 3.65
Book Value Per Share (mrq): 0.60
They just don't have enough money to start a Phase anything trial.