This just hit wall street today. Expect price to go well into the teens where dilutrion is set for $.15. You should also know that there is only two centers that have recruited 3 patients this year. Your friend "Geert" that you all call by his first name, and his officers will eventually be chagred for fraudulently concealing material information. When a trial is almost at a standstill, they have the responsibility to inform it;s shareholders. Of course the argument is that you should have all known due to his reluctance to disclose any enrollment numbers, but I would argue that he should have disclosed it months ago when he knew that he could not complete enrollment within the FDA design guidelines.
Sentiment: Strong Sell
Old news. Hedge fund insiders had this info last week when I posted it.
Sentiment: Strong Sell
I have not seen the document but the same person that gave me the heads up that the reverse split is set for June 1 said that 58 have been enrolled and only 32 completed, the rest dropped out or died. Of course no information was gathered about how the 32 responded. The study will not be completed. The FDA will halt it because of poor enrollmrent.
I wish the SEC was watching this company. I think they would have called for an investigation a year ago when the CEO started telliing investors that enrollmrent numbers are not allowed to be released. A blatant false and misleading statement.
The reverse slpit will be 15-1. Dilution will be offered at $2.50. They will raise an additional $60K through that offering on or before June 1. They are also issuing new warrants.
So how do you play it. You know the stock drops after the r/s. And with the trial tracking 10% of expectations, dilution every 6 months can be expected. Only the hedge funds can short. Longs are stuck. All they can do is pump and hope for a small spike on some other news and sell for a loss.
Kersten has never had his feet to the fire and now with the r/s he can make it to retirement and walk away.
sert is a fraud he is only right half the time. stocks go up and dowm/ he can't know when. the whole order imbalance thing is a joke
your right when your right and wrong when your wrong. 50 50. and now you will talk about what a great shake out it was so can go higher. why dont you just admit you are fos? you and your order imbalance thing lol
MM's make a market dork. They try and have balanced books. They don't give a #$%$ if it's going up or down. They take a spread on every trade. Really, what is wrong with you?