ProMIS Neurosciences Inc PMN

MD&A

[FarmerBetty]

Noticed with spending that they allocated to one time fee's $970,135 related to a potential listing on a major North American stock exchange (subject to meeting applicable quantitative and qualitative listing standards of such stock exchange). Seems  rich to me but i'm not sure. Was pointless to be talking over the past years for a million dollar ticket which they couldn't have afforded, but why are they using the words a "potential listing"?

[azzymaa]

Penny Stock - Not Legit Nasday Listed - Legit

[FarmerBetty]

Yes, Acumen who Promis mentions in there Corporate update went from 10 months ago $21 on the Nasdaq to $3.65 today. Does wonders!!

[bball67]

Promis needs to drop the comparison to Acumen which was originally to point out the disparity in market caps. The listing fee of $970k is very high. NASDAQ  listing fees have apparently gone up huge. They are saying potential listing because they need to meet the criteria and the lawyers want to protect the Company.

[G1945V]

They should move quickly with the Reverse Stock Split Consolidation and expedite a NASDAQ listing without any further deals. The fee of $970K is a small price to pay to get PMN on the US Stock Exchange and be done with it. jmo G1945V

[FarmerBetty]

Never did need the Nasdaq listing, what they fail to provide over the years is material news. If they did the stock would perform nicely on the tsx!! 

[G1945V]

What material news have they not provided in your opinion that would or would have boosted the share price? G1945V

[M101]

Even Gene and Elliot knew this in 2015, but they didn't have the cash or connections to take it private and avoid the need to manufacture news for the 5-10 years prior to clinical trials.  The old men and the sea.

[goldtech]

Gene and Elliott had no plans to take this private and continually did cheap financing to steal money for themselves and get ridiculously cheap option shares. This pathetic board has no market savy and should have been replaced years ago. One thing they counted on was once they are voted in shareholders rarely dissent to change and are sheep. Live with what you voted for!!!!!!

[Speyeder999]

And yet, independent (ahem) advisory proxy firms ISS and Glass Lewis fully recommended to have all directors re-elected. Would love to know what criteria they used to base their decision on.......

[M101]

Yes, exactly, they had no plans because they couldn't do it without losing control. They kept it public instead and tried to keep control through ever-worse band-aid financings instead of courting major investors, until facing bankruptcy they had no choice.   So for those who missed the Hemmingway reference (since it got no likes): An old fisherman in small boat catches the fish of his

[FarmerBetty]

Maybe Elliott was doing the consulting?

[FarmerBetty]

Meant the Nasdaq or major index listing!!!

[FarmerBetty]

Meant the cost??