GREY:ICOTF - Post by User
Comment by
Rodrichon Oct 06, 2017 12:06pm
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Post# 26786172
RE:RE:Concerns to consider
RE:RE:Concerns to considerI agree with the big concerns indicated by Steve. The share price could become much more cheap.....Who knows?
Rodrich wrote: IMNP share price dropping & dropping. Really bad for IMNP.............
Steve888 wrote:
I personally have the following major concerns to play ICO: (1) Immune Pharmaceuticals Inc. announced that on August 23, 2017, the Company received written notice from the Listing Qualifications Department of The NASDAQ Stock Market LLC that the Company no longer complies with the minimum stockholders' equity requirement under NASDAQ Listing Rule. (Please read the news at: https://web.tmxmoney.com/article.php?newsid=7560944190335575&qm_symbol=IMNP:US ). So, a big question is: will IMNP be delisted??? If IMNP is delisted, it could be a disaster for ICO share price? (2) ICOs cash becomes less and less. Definitely, ICO will run out of its money quickly. If ICO runs out of money, what will happen? Even assume that ICO could successfully refinance, there would a large dilutions. So what will happen on the share price? No doubt, the share price will drop. (3) The drug trials take long time to complete. In addition, nobody knows what will be the results of the trials. If the trial results are bad, then the company may go bankrupt! In this case, all shareholders' money goes zero. So we see the huge risk here. (4) The tax season is coming, there will more likely large share dumpings before the end of the year, which could drive the share price lower and lower So, should we invest on ICO now??? Definitely, it will be up to everybody to make their own decision. For me, the answer is NO. This is ONLY my opinion. Do your own DD and make your investment wisely.