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Bullboard - Stock Discussion Forum ProMIS Neurosciences Inc PMN

ProMIS Neurosciences Inc. is a clinical-stage biotechnology company. It is focused on generating and developing antibody therapeutics selectively targeting toxic misfolded proteins in neurodegenerative diseases such as Alzheimer’s disease (AD), amyotrophic lateral sclerosis (ALS) and multiple system atrophy (MSA). Its proprietary target discovery engine applies a thermodynamic, computational... see more

NDAQ:PMN - Post Discussion

ProMIS Neurosciences Inc > What's keeping the share price down?
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Post by garygp on Jul 20, 2021 3:01pm

What's keeping the share price down?

So David King, what do you think is keeping  the share price down?
 
I agree with M101.........current management without a doubt and zero news. 

If the new investor group out of Boston really wanted to shake it up, clean out the current BOD and make a statement showing us shareholders matter.  Many companies have failed having excellent products and business plans.  It's management that kills what could be a golden goose.

And I'm not as enamoured by your statement on management getting us out of the basement at 8 cents as you are.  Who do think got us to 8 cents in the first place? Right, this current management teamand BOD.   And then to add insult to injury they did a financing at little more than 8 cents?  You might also be interested in knowing that this management team has done numerous financings and always at consistently lower prices, hence a demolished share structure as goldtech has pointed out numerous times.  If you did any DD you would know this.

gary
Comment by DavidKingCanada on Jul 20, 2021 3:45pm
Hey Gary, I definitely agree with you but the stance I am taking is the departure of the current CEO and PMN's search for a new CEO. Possibly Mr. Warma as others have stated. I just hope that with a new CEO maybe things will change. If not, whatelse can we do? I do have quite a bit invested in PMN and just like everyone else am frustrated but in the same time am also intrigued. Would love to ...more  
Comment by KingAbeNYC on Jul 20, 2021 4:27pm
Management brought is to 0.08 and we may be headed towards the same direction! Not really worried about losing my Investment as I am involved because of personal issues. I want to find the "cure" and I want this company to do it! Thanks everyone for their time! 
Comment by M101 on Jul 20, 2021 6:23pm
So, you're not afraid of losing your investment or an (hypothetical) investment? No matter, as someone else here pointed out there are now several scenarios for profitable exit.  As for a new CEO changing the direction, seems like a good bet. Goldstein wasn't willing to invest a dime of his own loot (loans don't count) so he would have worked hard (not for us) to maintain control ...more