Time to sit back and smell the reality ..the gig is upI have been living the dream for probably 12 years.. buy in @.36 cents when we floated around 90 million shares. we were at the same place in the approval gane as now..but we owned animal health and getting ready to go with econiche..fast forward to today ..last week we were @ .36 with hopes of an fda approval ..no animal health..a mothballed econiche plant and the staff cut down to office cleaners and maybe a security guard... everything leveraged and bet on fda approval...with over a 300 million float of shares. Now the burn starts to really matter..hire more people.. plan trial
Now after the fda missed hail marry pass the board has been taken over by day trade vultures still trying to pump a dream into some newbie with no history on this story.
Like I said I have been here for so many years, so many dreams always chasing the carrot with pay day just around the corner..so many missed oppurtunities for a real investment as apposed to a casino bet. We always had ways of spinning it other than the truth..the market is always right..
We will never see the 20's or 30's again without a reverse split
From here in my opinion we will see at least a 10 for 1 reverse..probably 20 if they are looking for a us listing.. that will also give more space for the stock to drop again and do another offering in the .40 to .50 cent range and the share count will start it's climb again.
What might seem like a bargain as the .36 cent buy in 12 years ago seemed.
Very sad for the cancer patients and very sad for so many that have been here for years. I think it's time to take it for what it now is..a penny stock pipe dream taken over by traders not investors in the dream we once had in a small canadian biotech that could beat all the odds.