who buys shares in a company that has no money?
do the math $1M burn a quarter $375K cash at the end of last quarter and the CEO doesn't provide any colour as to how they will finance in the short term other than vague mention of warrants getting exercised - the company needs a large chunk of wts exercised as $750k has been burned since having $375K cash on the balance sheet- so i assume enough wts are exercised to cover expenses but THERE IS NO RUNWAY. Likely will see a force exercise on those wts resulting in forced selling that even their German IR program cannot handle, but worse is the CEO just wrote a letter not citing the force on the wts - that was his chance to show he is more than an Emergency Doctor (who has never been involved in a public company).