Mar. 16 at 5:12 PM
$PYXS I wonder how does bringing in a new CEO have any effects on the drugs TRAE's or mechanism of action or clinical results? Very curious to see if there are any meaningful updates tomorrow other than just seeing more of their dwindling cash reserves dwindle further. This , like several other biotechs, were a lot more attractive 4 yr ago when a few of them had only ~35M shares,
$200 million cash but market caps of only
$50-70MILLION . Now with years of so many biotechs diluting huge several times over the past few years, draining the pool of available $, many now have about 100-200 million shares, hundred million $$ ATM waiting in the wind and a fraction of the cash they once had. Hence supporting my Wealth Transfer Vehicle mantra