Definition of a loser: throwing good money after bad.
Never try to catch a falling knife.
Buy stocks that are in an uptrend, not those that are tanking.
Wait for a high volume shake out day or buy after a stock languishes near the bottom for a few months and then starts to break out.
You are exhibiting your foolishness with this post.
GC has always replied in the past.
His non-response confirms my suspicion.
If an offering was not placed, he could have said so.
He can't disclose that a placement agent is working the offering, since it's nonpublic information.
If I'm right, the stock will continue to get hammered.
You give a commitment to the underwriter to buy a specific allotment of shares and then start shorting until you reach your allocable amount of shares. The shares from the offering are used to cover the short position. It's a risk free guaranteed profit for the hedgies to spruce up their annualized returns. You can short before, during and after the offering.
The stock price is tanking as if though you shopped an offering with the Wall Street Vultures, and the hedgies are now shorting the stock. I hope you are not doing an offering at 10% or 15% below the stock price on the date of the offering, thereby inviting the hedgies to short the stock; to fill their pockets while they empty the shareholders pockets, and then to add insult to injury, you will give them a parting gift of freebie warrants. Please tell me that isn't the case.
Do you think that after having the 16M increase to the prior incentive plan approved, that the shares won't be doled out? It's a done deal - approved!
It's not the exchange and it's not the company.
It's who is running the company.
I own shares in GTHP which trades on the OTC.
The new CEO, Gene Cartwright who was formerly with GE Diagnostics and Abbott Healthcare answers my emails, usually within a few minutes, if he is in the office.
The corporate culture starts at the top.
You can have sleaze bags running a company who have little regard for shareholders or management that are responsive to shareholders.
"A pap smear can cost you anywhere between $50 to $200."
So the market is between $3B and $12B in the US, and larger overseas.
GTHP's technology is more accurate than the pap smear and produces instant test results.
GTHP will dominate the market.
Sales will be increasing for decades.
They are also working on an esophagial cancer scan.
The stock to move the proceeds into is GTHP.
A PMA will be filed with the FDA this month.
The pps should get a nice bump then.
HPV cervical cancer scans are a huge market.
Over 60 million pap smear tests are taken in the US alone.
GTHP just received marketing approval in Mexico this month and in the EU, Canada and Singapore earlier.
International sales are just ramping up and will accelerate each quarter.
GTHP will get revenues from the sale of the scanners plus recurring revenues from the disposables used in each scan which carry 90% profit margins.
The market cap is only $35M .... you can't go wrong.
There is no need to wait 5 years or more for maybe, possibly approval.
GTHP is already selling product.
There are lots of catalysts.
An esophageal cancer scan will follow and then one for lung cancer.
GTHP's patent protected biophtonic scan is more accurate than conventional tests and it produces instant test results.
Conferences are meaningless hype. They are road shows to round up gullible twits.
Electroporation has failed in trials for decades.
Straight from the horse's mouth:
"We are ready to send the response in, but we first want to see the FDA's edits to the minutes from the May 8th meeting.
We hope to get those edited minutes from the FDA very soon."
FDA announcement is expected tomorrow or Friday.
Look for the run to accelerate.
Sales will improve dramatically, quarter over quarter.
They are just ramping up.
Approval in Mexico is expected next month.
(The CEO just bought 100K shares).
GTHP is firing on all cylinders.
I bought some yesterday at .49. I think it is on the cusp of a breakout.
I checked it out.
The CEO just bought 100K shares.
A big announcement is expected this week.
I like buying near the bottom.
The volume is picking up.
EXAS has nothing approved and it has a $1 billion market cap.
KPTI is only in Phase 2 and it has a $1 Billion market cap.
INO hasn't been able to reach a Phase 3 trial in 34 years, and has a $600 million market cap.
............... and on and on ..............
Why is GTHP at a $30 million market cap?
I addressed your concerns with Gene and even forwarded a copy of your above post and I also asked him when was the last time that insiders bought shares on the open market.
His response was:
"Thanks for your comment, Jenn.
It's a good point and one that I expect to act on.
Are you happy now? You got Hart in trouble.))))
07:17 $ 3.09 345 - Cancelled Trade
04:00 $ 3.09 High 345
It was placed 4 AM ...... a tip off that a Pump & Dump will follow.