RE:RE:New Press Release - ProMIS Neurosciences Announces First Quarter 2024 Financial Results and Recent HighlightsI'm going with sooner than later.
With the company's current burn rate and 2,5M in cash and equivalents as of March 31, they'll run out of funds anytime now, if it hasn't happened already. Maybe in time for the AGF meeting so they can discuss the matter? Or not.....
I somehow recall last years AGF meeting took place at the end of June, stock was hovering around 4$-6$ for YEARS and roughly 2 weeks after, stock tumbles 60% (for a period of what seemed like 10 minutes) and by some miracle, that's the timing management decides perform a financing (1.88$/share). Funny how this timing worked out perfectly so as management didn't have to adress this awkward issue as well as a 14M share one-day trading session at the AGM.
So, a financing at 2$ ?, I'll believe it when I see it. I definitely want to average down before the Phase 1a news comes out, but at the same time, last years debacle has me believing the financing will occur well below1.88$ (JMO)