Nov. 14 at 6:49 PM
$NVNO This may look and seem like a value trading at -4X cash but with that new S-3
$50M press release, this becomes a ticking time bomb. They plan on bypassing the baby shelf rule most likely by making the offering as a private placement. it basically allows them to do one offering for the full
$50M and because of this setback with the FDA they will more than likely make the offering at a DEEP discount.(i.e. 166.66M shares @ .30 =
$50)
$BCTX did this year after year so it happens
