The difference a good management team brings to a companyHere is the difference good management makes.
Both companies were bringing a new drug to clincical studies.
Both companies were listed on the OTC.
One company, finished Phase 2a dosing July 2019. Shares were trading below $2.
They knew they had an exceptional drug. They chose to go the uplisting to Nasdaq.
They had $6-8 million in cash.
They hired a CFO who had already taken a company from OTC to Nasdaq.
Within a few weeks the 4-1 reverse share was in play. (Now share price meets Nasdaq req.)
Share count outstanding is now just 13,000,000 shares
Then they announced the trail results, share price rockets to $36 and settles in the $20's a share range.
Management gets busy and quietly shops a supplemental share offering.
Shares move into the $30's.
Company announces the supplemental.
Within a day the supplemental for 3.5 million shares is priced at $30 and four times oversubscribed. AND NO WARRANTS!!!!
Share price moves into the upper $30's. as those who couldn't get the supplemental bought open market.
Company with a 3.5 million share supplemental raises enough money to get them thru phase 3 and to the NDA.
No more need for additional dilution.
Share price has recently topped $50.
Institutional buying made possible by management moves.
Meanwhile TLT takes a month to arrive at a supplemental price, which craters their stock price, issues 57 million shares and same amount of warrants for ....wait for it.....$17,250,000. Where will this take them?
Over 300,000,000 shares when fully diluted, and still the need for money exists
No institutional buyers.
But wait, they have a publicist....and snazzy blog with a live chat link...
I hold both...
Give me 50 cents US for TLTFF and i'll be gone, and won't be looking back....