Lol. Now I wonder how many times they did a reverse split to come to this price?
I question the timing of this offering. Why now when there is a major catalyst in just 3 weeks? FWIW, I bought a small position @ .61.
If your time frame is very long you should be asking for lower pps so you can accumulate more at a better discount. Unless you're trading on margin.
"They will probably have to sell more stock to fund more trials leading to more stock dilution"
This is not what I heard listening from the CC yesterday.
Only 1 mm Hg that stand between success and failure. This downdrift is a very rare opportunity that presented itself because of ignorance and fear.
Sentiment: Strong Buy
Same old rehash story from AF. His ego is bruised that's why he make it a personal mission to attack CPRX.
I didn't get my fill. Probably the MM's are spitting shares at each other. We'll see if I can get more today.
"First, by reducing the number of shares outstanding, and thereby increasing the number of authorized shares of stock available for issuance, the company could implement financing and other strategic activities in the future, which it may opt to do to further advance its clinical and preclinical programs. "
In other words, we want to do a RS so we can dilute some more in the future. Nice.
They will do the RS to eliminate the possibility of getting a delisting notice again. Count on it. It will happen.
They did not have to go through a reverse split IF they don't want to. They are trading in AMEX now, not Nasdaq. AMEX does not have the $1 minimum requirements.