Dec. 18 at 2:00 PM
$INBS
Important to keep expectations realistic on INBS.
Despite the Vlepis partnership sounding positive, recent SEC filings show significant dilution risk ahead. The company has approved a reverse split, expanded its equity incentive plan, and has over 4M shares tied to warrants that can be exercised.
Cash position remains weak and the company is still burning cash, which makes future equity raises or warrant exercises likely. They have already issued shares as payment for services, showing they use stock instead of cash.
Bottom line: partnerships don’t remove the near-term financing and dilution overhang.
Still bullish tho
