GREY:ATBPF - Post by User
Post by
John2013on Aug 16, 2017 9:48pm
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Post# 26590256
Game with extremely high risk
Game with extremely high riskClearly, ATE has two big risks. (1) if the trial fails, we simply lose everything; (2) The company may be running out of money soon again. Although +$4 million was raised at 10 cents a month ago, that money may not last several months. If so, the company needs to raise money again by issuing much more shares at lower price (less than 10 cent) given the lower market share price of 0.085. As a result, the dilution could drive the share price further down below 0.05 and/or may force the company to do a share consolidation (e.g. 1:10). In this case, shareholders also lose. Given those risks, this is why we see big sellers to keep dumpping their shares over the past days/weeks. If those risks persists, I doubt the share dumping will stop. Just my opinion and do your DD.