who buys this chit and why?Why would anyone buy this offering? Is it even worth a gamble at 5 cents?
Shouldn't the warrents be for 10 years, or maybe 100 years? Doesn't that increase the odds of being in the money some day?
In other words, everything about this offering is designed for failure. 5 years says they cant succeed. 23 cents says they are desperate. It also says they don't even have the money for an applicationn to the FDA, nor did they expect to sell the VMC to get the money.
I think they ought to lower their sights a little higher to guarantee their faiilure. Why is it that companies with the worst prospects sets their sights the highest of all?