Bullboard - Stock Discussion Forum Algernon Pharmaceuticals Inc. C.AGN

Alternate Symbol(s): AGNPF

Algernon Pharmaceuticals Inc. is a clinical-stage drug development company. The Company is focused on developing repurposed therapeutic drugs in the areas of non-alcoholic steatohepatitis (NASH), a type of liver disease, chronic kidney disease (CKD), inflammatory bowel disease (IBD), idiopathic pulmonary fibrosis (IPF) and chronic cough as well as advancing a stroke program using N, N... see more

CSE:AGN - Post Discussion

Algernon Pharmaceuticals Inc. > Trading starting March 29th will be interesting

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Post by Whalewatcher1 on Mar 28, 2023 7:58pm

Trading starting March 29th will be interesting

Shouldnt the stock be trading well below $0.25? if current shareholders can buy the rights offering for $0.25 an get a warrant, won't every current investor be selling at below $0.25? will be interesting to see how much they raise? What happens if they cant raise enough to continue operaitons? Seems like last ditch attempt to stay alive

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