RE:Can anyone comment on the effect of a new financing on sp
If I were you I would wait before putting up any more funds.
1st I don't like averging down (personl style) especially since there has been no new news since their last NR
2nd since the company has said nothing in my opinion it is a risk since we have no clue what the plans going forward will be. Will they need financing who knows?
3rd wait and see what comes out of thier FDA meeting
4th (I don't thinks this will be the case) they can just shut it down, but too much time and money has been invested time to just close shop.
5th You will have to check up their last PPs but I believe they were lower than what the SP was trading at. I'll assume if they do it at this level or lower you should be able to pick up more if you wish to average down.
But I am biased as most my shares were from BioMS days, and removed from the table my intial position before news/NR was released. Been burned before so more cautious these days.
Josh wish I could be more helpfull, but I just don't have a clue where they want to take this.
Best of luck in your choice