Cotinga Pharmaceuticals Inc COTQF

Financing done at 11.6 cents pre-consolidation numbers

[XRRH2008]

Pathetic. Embarrasing. This stock just continues to sink to new lows with Allison at the helm.
Seems like the plan all along was to drive down the share price so new blood (including Allison probably) could buy in at much lower price and get more of the company.

[DIYGuy]

I understand your frustration. I don't buy into conspiracy theories. The bottom line is there was delays in the trial and the stock price got hammered. The financing gives us another chance. Let's hope the HNSCC goes smoothly. The sellers appear to be taking a little break. Hope the floor has been set. Also, hope the money is used for the trials and not wasted on the PR firms.

[DIYGuy]

Share price won't move until 2nd round of financing closes in a couple of weeks. You could sell your shares at current prices to purchase the units. Basically half the risk as you can exercise the warrant for $1.21 for a year unless the price doubles sooner. So, if they release the news of the dosing in the HNSCC trial it will have no effect on the share price. If the volume increases people

[Cotitwo]

I believe they all did. I think it was published on Sedar September 23-24.John Drake $100k Alison $50K  Directors Gene Kelly $10K.and there is the second traunch as well 

[DIYGuy]

I do not see the documents on Sedar. I'll take your word for it. Can't say if those amounts are significant or not without knowing people's personal situations. I would be concerned if they did not participate. I realize they don't have to with the options they receive, but why would anyone put their faith in their discoveries if they don't risk some of their own money as well.

[UberWealth]

More Financing needed?  Previous financing done at such a dilutive price!  Tax loss selling season?