RE:RE:RE: Very interesting! That is an important point. Since Insiders own that much, it tells you that they won't want to keep diluting. That incentivizes management to either land a partnership or a buyout.
Long-term, the investment thesis is strong - although I think ATB-346 still carries some risk. My concern is that the stock may be dead money for the next 6-12 months. That's not a huge problem, but it does present opportunity cost - especially with ASH coming.
I think the company orginally planned on uplisting very soon after these recent results. That would have been a big catalyst. They probably figured that good data would allow a reverse split & uplist to happen - and give the stock price some leeway in terms of staying above NASDAQ minimums. However, the recent price movement essentially blocks an uplist, which removes that catalyst until a partnership occurs.
That's why the issues with the press release, Insider selling, & dilution were so problematic. The price dropped too low for an uplist to safely occur, creating a much bigger catalyst desert.
MUGMODs wrote: For what it’s worth ...
Simplest thing for shareholders is to look at the company presentation (dated June 2020) and look at insider ownership. This will eventually be updated with little change to insider ownership IMO.
Then, also know Wallace and Legault are majority owners of Antibe Holdings. The original prospectus may have more information for you.
Most of us are well beyond that as we look to the future and not the past. We are finally at the negotiation stage ... something we have patiently waited for.