Jul. 10 at 9:27 PM
$RNAZ First, welcome to the new victims who are joining us on a journey that has not truly started for almost a year.
I want to be clear: I am one of the old victims of this stock. I have been stuck here for almost a year and a half, and during that time this company has gone through multiple reverse splits.
Now the company has raised financing from several large investors, including CK. At first, I was surprised that CK agreed to this deal. But now, before even completing one full year, it looks like CK may want liquidity or a way out of this company.
Here is the reality as I see it: on July 20, shareholders are expected to vote on releasing/converting CK-related shares, along with other preferred shares, which could bring the share count close to around 16 million shares.
If that happens, the stock could easily fall below
$1.X again, and then we may face another reverse split.
Welcome to this black hole.👎
