GREY:ICOTF - Post by User
Comment by
Alba1314on Aug 22, 2018 8:12am
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Post# 28497604
RE:My Opinion
RE:My OpinionGamestorm7 wrote: If you look at the timeline of information and try and connect the dots, the story is being told before our eyes. Mr. Rae buys over 1M shares in May when (I'm assuming) the first results of Phase 1 clinical trials of Oral Amp B prove positive and show no toxicity.
That's insider trading. They're not allowed to buy and sell stock before the info is made public. I'm sure some CEOs leak info to friends//family/business partners,but a smart CEO wouldnt be so obvious about it when it came to their own shares. Overall though I liked the post. Appreciate the effort put into it.
I think it was MikPiks?? that was asking what would be viewed as bad news? Have to look at that 25M proscpectus and how much per share that capital is raised. No company out there will buy those shares at current market value which means dilution of current share value. I think they'll get issued at less than $0.10/share. There's a real potential for some serious dilution here. It's necessary,unavoidable, and part of the whole process. But will still be painful to those currently holding. If the the drug goes to market, it wont matter. You'll still make $$$. Right now I think it could either way with the financing and unless you have insider knowledge, it comes down to your best guess =)