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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 Duster340 on Mar 20, 2024 9:09am

(News Release)

a few thoughts that come to mind, maybe just an attempt to keep the stock from dropping more (buying time for a hopeful financing deal). still no information on the cash situation "nuance payment due date". there has not been anymore insider buying only the 3 acquisitions from earlier this month. if they had some good news to tell us they would, so for me there is to much uncertainty, i will not touch it with a 10 foot pole.
Comment by MrMugsy on Mar 21, 2024 6:17pm
Let me help Duster ... 1.  I highly doubt that anyone is trying to control this stock price ... don't think anyone ever tried to do that.  Would love to meet them. 2.  No information - true. 3.  The insider buying was timed quickly ... so likely as a message to investors.  They never buy in reoccurring events and it would be surprising to see it again this month. 4 ...more  
Comment by FesticleShwartz on Mar 22, 2024 7:47am
I do not think they will go bankrupt, sounds like we are in a holding pattern until September for funding and P3 acute. All is not lost hopefully 
Comment by Montana5 on Mar 22, 2024 11:02am
An announcement that P2 has commenced (as was intended in Q1) would provide some confidence.
Comment by Duster340 on Mar 22, 2024 12:21pm
How are they going to keep the lights on at the antibe office let alone fund a P2 trial?   Cash Position: As of December 31, 2023, the Company had available cash balance and term deposits totaling $24.9 million Antibe to refund the US$20 million upfront payment and pay interest and costs of approximately US$4 million. any kind of financing if they can get it will be dillutive and not ...more  
Comment by Duster340 on Mar 22, 2024 10:45am
of course management was trying to control the s.p. with there buying it eased share holder panic and the further sell-off of shares that was the message to investors. it buys them more time to raise cash, not hard to put 2+2 together but who will finance them, how can they convince anyone with an unproven drug when potential financers look closely they will see the drug has already failed on an ...more  
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