Dec. 20 at 6:05 PM
$CYBN [
$9.0] Pull back on the 3YR Weekly, and you will see that
$9.0 is a consistent support/resistance line for the Company over that time period.
$84M in Cash/ST against
$42M in Total Liabilities (appx); however, this was prior to its
$175M mixed offering at the close of October, which I highlighted at the time. This provides the Company a 2-3YR Cash runway with multiple catalysts in the interim. CBD re-classification provides greater attention (IMO) to psychedelics the same. Industry leading IP, multiple programs in Ph-II and Ph-III development, and conditions to warrants cited acquisition and strike/exercise prices of
$8.14 and
$19.53 respectively.
https://www.msn.com/en-us/money/markets/cybin-to-rebrand-as-helus-pharma-and-shift-us-listing-to-nasdaq/ar-AA1SI3Sn?ocid=finance-verthp-feeds