Khiron Life Sciences Corp V.KHRN.H

40 cents floor resistance broken

[Bu11ish0NG0ld]

My best guess 30 cents will be the new floor. GLTA!!

[Benedictus]

Unfortunately I agree. Unless the stock retakes.40 and climbs/stays above .42, there is a real risk of further erosion in the share price. The very dilutive financing provides a little more than 2 months of the current cash burn rate. At potentially 190M shares o/s (assuming over-allotment and warrant conversion), .30 would actually value the company at the same market cap where it was when it was

[ORTsnort]

Super uneducated short seller scare tactics here.  Way more than two months of runway.  !!  They will be cash flow neutral early next year!  Prescriptions are growing rapidly too. The stock should be $.60 in the near future

[Benedictus]

You can believe I'm an uneducated idiot all you want ORT. It doesn't change the fact that management lost a ton of credibility by doing this pp with so much cash on hand. Worse yet, according to the lataest update from Ted Ohashi, this pp was done merely because the "opportunity presented itself". A potentially 50% dilution done with plenty of cash on hand and the share price