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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

Antibe Therapeutics Inc(Pre-Merger) > Need for Additional Financing
View:
Post by Hideaway on Nov 10, 2023 10:46am

Need for Additional Financing

Can someone comment on the possibility over the next six months as to the likelihood of further dilution due the need for additional funding.
Yesterday's 27% drop in Shareprice was much more than I expected but new financing would certainly not help restore any stability.
Comment by InTheKnight on Nov 10, 2023 12:46pm
This is only my opinion based on my own analysis and what I would do if I were in their shoes.  They have plenty of cash on hand to fund the full phase II trial and beyond. Once completed this would give them a privileged position to sign exclusivity deals with big pharma that will bring in some revenue while they prepare for next stages. Directors don't want more diluted stock as they ...more  
Comment by Harper75 on Nov 10, 2023 1:34pm
I agree with InTheKnight's opinion.  Also, by my calculation, we experienced a 177.5% price increase since Oct 17th lows without much of a pullback.  Larger than I wanted as well but we also have had many months in the 40's/50's - doubling up is a tempting profilt to take.
Comment by MrMugsy on Nov 10, 2023 9:03pm
Even though the volume looks healthier now - it isn't. It was never healthy in P1 or P2 during chronic either because of the make-up of characters. We have too many flippers - that's what causes this movement. Therefore - I don't care about price right now. Dilution?  Sure.  But not yet. Company is going to focus on P2 and during that time, you won't see any dilution ...more  
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