Another Financing - Seriously? Giving away more shares at 0.25 plus warrants.
Exactly how does this instill confidence for new investors that the company is on the cusp of getting BTD and a positive vaccine animal trial?
Every time the stock starts to move higher - whack! We were over 0.36 when the first round of the latest financing started. To go back-to-back is just cruel.and now the share price is sitting at 0.24/share.
If you value the warrants at roughly half the share price I suppose we could see the price drop to 0.17 if existing shareholders are liquidating to participate.
I don't think that will happen or at least I hope not.
I wonder if insiders will participate in the second financing as well...