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ARNA Discussion Board
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Re: Sometimes you have to play ballKGB: OK---I will buy into your premise that he is servicing the institutions with shares because its harder to wrest them from retail at this point, but then why not just sell 10M shares. He would still only be at a bit over 60M outstanding. Many bios without sales run with that level of outstanding! This company has an ENDLESS HISTORY financing at less than stellar levels and the beat goes on. These institutions are pigs! They would have sopped up the ARNA egg yolk at 10M large just as easily! And you would be done worrying about any further dilutions until this matured properly. No--you better watch for the next dilution and HOPE its at similar or higher pricing. None of this has anything to do with the drugs status potential except. Amit move does not emit confidence in upcoming data reporting compared to what the board thinks of it. What a sissy bothering to dilute 5M at a time not solving the timeline runway. I am not doing stocks to give a damn about the tutes or Amit for that matter! He did not protect retail at all here and he did not solve totally his financial obligations until regulatory for compounds! The dude is a self serving wuss! This stock is not going anywhere this summer either way--now was the time to seal his financial obligations or run with what he had. Instead he patched a bike tire! JMO kutz JMO kutz |
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Msg # | Subject | Author | Recs | Date Posted |
54001 | Re: Sometimes you have to play ball | Jim_Roof | 0 | 5/27/2020 8:34:26 PM |
54002 | Re: Sometimes you have to play ball | KGB ROUNDERS | 1 | 5/27/2020 8:41:33 PM |
54003 | Re: Sometimes you have to play ball | crescentmotor | 0 | 5/27/2020 8:47:05 PM |