OTCPK:BIOAQ - Post by User
Post by
GngLongon May 07, 2018 8:42am
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Post# 27990314
Surprised?
Surprised?
Was anyone caught off guard with this CH.11 filing? With negative cash flow, shrinking reserves, and the stock in the dumps, they have no way to raise funds. They are basically a very late stage start-up that has to cross this chasm to get to profitability by adding customers and selling their full production capacity. Progressively improvements in their sales/earnings are the only thing that can save them now. Investors have lost their patience because it's taken much longer than they expected to hit sales/profit targets. I bet the gets down to below $0.02 today, and then recovers later in the week on strong earning.