$16 mill cash will be burnt off by then.. meaning only $5 mill cash left at 9/30.. and if you subtract the $6 million payables, this there is negative book value
cere management is burning off cash at very rapid rate. The cash is the only asset worth anything on the balance sheet. The more cash that disappears, the lower the price will go
dcth is a complete failed science experiment.. Old fogy execs and "corporate directors" take in millions in salaries and expenses in order to approve a 50k revenue /yr drug .. price will simply adjust lower as more cash is burnt away.. and with $5 mill/qtr burnoff, they'll be essentially bankrupt by late summer.. No one with a brain is fooled... their current trials are HAPLESS... even if they get an approval in 3 years, the drug would be lucky to do 50k /yr in sales... like I said laughable. It's no surprise dcth is DOWN 90% in 2 years.. DCTH is nothing more than a retirement sled for old washed up dirtbags.
clearly we know the only ones making money on this scam..hahaha... another 6 months and another massively dilutive stock raise coming .. enjoy morons.
Sentiment: Strong Sell
any fool who bought shares on the market and still holds them is at a massive loss. This will just disappear now... will go right down to .0001...
there has been ZERO confirmation of these "purchase orders" they proclaimed months ago... probably all complete lies and bs... It's a pump /dump scam , in my opinion. this works as follows----inside scammers are given millions of shares (free of cost).... once the scammers hold these MILLIONS of free shares, they then craft their "pump scheme"... in this case they came out with a "purchase order" news release back in august I believe... when this news came out, the price popped to almost 2 cents a share... since the insiders were given MILLIONS of shares for free, they probably gleefully dumped those shares in the 1-2 cent range... let's say it's 50,000,0000 shares they had for free... if they were able to dump these shares at 1 cent average price, they netted a profit of $500,000 in their hands... again , if they were given the shares, they have no cost. So my guess in august the insiders gleefully dumped all these shares when the "purchase order " news hit in august. Since august , pgcx is now down over 90%... Such quick and large declines are also consistent with a pump/dump stock
take a whiff of that dilution!! the cash-burn machine is in full swing at corporate headquarters... must be nice to waste countless millions on trials that (at best) will produce a drug with 100k in annual sales... laughable fraud
Sentiment: Strong Sell
you better dump those 1.36 like a wild monkey.... this is going back below $1... all bad news here.. massive dilution at 1.25 which means 7 mill shares can dump for profits as soon as 1.26 price is hit... this creates massive resistance
the dilution of 5+ million shares at 1.25 is horrible news.. this means the stock will never go above 1.25 again.. because whenever the price nears 1.25 a massive selloff will occur
the macaroni grills I experienced in PA were beyond disgusting. The employees were useless pile of cripe.... they laughed at customers, and service/food was awful