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Bullboard - Stock Discussion Forum Antibe Therapeutics Inc(Pre-Merger) ATBPF

Antibe Therapeutics Inc. is a clinical-stage biotechnology company. The Company is leveraging its hydrogen sulfide (H2S) platform to develop therapies to target inflammation arising from a range of medical conditions. The Company’s pipeline includes assets that seek to overcome the gastrointestinal ulcers and bleeding associated with nonsteroidal anti-inflammatory drugs (NSAIDs). Its lead drug,... see more

GREY:ATBPF - Post Discussion

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Post by SecondLast on Aug 03, 2021 5:02pm

Cash value

With the cash on hand the price floor shouldve been like 1.25/sh. They could close the doors and return that to shareholders today if they wanted
Comment by rixpix on Aug 03, 2021 5:11pm
It doesn't work that way. LOL.  If they were to close their doors, accounting expenses and legal fees alone would eat up over half, if not all of it. It's not a soup kitchen where everyone lines up and they hand out whatever they have.. There are a lot of procedures to follow, ie expenses.
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