I feel sorry for those caught in this stock.
Saw the same situation with PBT.
I tend to stay away from biotechs and oil and gas companies for this very reason.
One bad announcement and you can loose 75% of your capital.
And you don't have a chance to get out, that's the problem.
Get in early and get out early is the only way to play these sectors.
Hopefully with the money they have left they use it wisely.
Otherwise they will have to raise more at these low levels and the stock will never recover.
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