Heck, I even UNDERESTIMATED how far and quickly this would fall. This doesn't even deserve OTC status. Should be on pink sheets.
I finally sold out at the equivalent of $6.80 figuring in the RS. I will ALWAYS remember being lied to to my face during a CC when I asked about the Barda refusal. It was not simply a "half page" letter as they said. (another participant later again asked about the contents and where they could read it on the CC as I had previously just asked)..Because they were stupid enough to go into more detail about it with a Buffalo financial journalist few days later identifying other Barda statements. NEVER LACK VERACITY WITH YOUR OWN SHAREHOLDERS. It is unwise. They POS's deserve everything coming to them.
Guess the sale of equity in Incuron is the last ditch effort. It's Entolimod or bust. FDA EUA or bust. Cleveland knows they're going to get slaughtered on the equity raise to increase stockholders equity from a pathetic $1.8m to the paltry requirement of $2/5m. They knew that they were quickly running out of $$$ to pay for mgt's lifestyles. The sale of an balance sheet asset will drive the equity raise price down even further.
Without the (will not come) miracle of a EUA, this stock will be $2.25 - 2.50 at very best within months. Probably much lower. What outfit will get involved with these clowns based on their operating history? At lease w/out some of the most onerous terms known to mankind?
LOL. So fund and purchase product from a Russian-run company in response..............Don't you get it yet?
I wonder what it would mean to CBLI if the poster presentation was NOT accepted for this event that CBLI seemingly goes to every year. Also - would they have issued a PR announcing that ASCO had rejected the Study Results poster presentation? Again, too too much lol.
Just a 7:30am news release bragging about the completion of a phase 1 trial in the Russian Federation which will take forever to result in anything. You'll probably see the price go down accordingly when it is realized that it's only vapor.
So CBLI/Incuron was awarded a patent for the composition of matter for CBLI 0137. It provides protection through 2030.
Does anyone think CBLI will be in existence in 2030?