Apr. 16 at 8:26 PM
$ACXP Another Dilution. 400K per year for Luci to incinerate shareholders. Between the IPO and the may offerings, Luci destroyed ~
$32 M to enroll 32 patients. He spent about
$1M per patient. He would argue that the money was spent on other operations, sales activities, etc. But the truth is that ZERO was accomplished outside the 32 enrolled patients. They got nothing done. They won zero grants, they found zero buyers, they created zero partnerships, they created zero assets. Luci will now pretend that
$7M is enough to finish this new 20 patient study. It is not. It is enough to keep the lights on for another 18 months, and pay the skeleton crew a king's ransom for doing nothing. I predict announcement of 3 patients enrolled by November 2027, followed by liquidation. Luci has it set up perfectly squeeze the last few drops of blood out of this emaciated corpse of a company.
