UGLY chart speaks VOLUMESI am thinking out loud.
If the treatment really worked we would have seen a soaring stock price as results are evident by staff, by doctors, by family members etc.... It would be tough to control a leak.
But stock price is plunging.....so it must mean something....
It might mean that trials maybe INCONCLUSIVE at this stage and more research needs to be done.
The raising of cash would then make sense as the company wants money for more trials and, investors are willing to pay up because they hope that future trials will be more conclusive.
In any event, this is my personal opinion, just my 2 cents.
I am waiting for results. Does not matter if I am wrong because any entry on the first day of good evidence is good as stock will then rally for years.
But if results are bad, then penny status it is and it might never recover.
So weigh the risks.
I want to see evidence first.
Good Luck
My personal opinion,