The best holders can now hope for, who seek a reprieve from further SP pain, is for the stock to remain in suspension until positive newsflow graces the board. What's the chances of that, though? I'm sure PH's buddies are rubbing their hands together in anticipation of the commencement of trading.
As for taking the loss... I'm inclined to consider the opposite, myself.... seize the opportunity to average down because the fundamentals of the science behind our platforms has change. With enough funds to get the company at least through to early next year with some trial readouts likely in the meantime, I can't imagine the SP languishing for long.
Yep, CRs are like poison chalices, but is the perceived evil behind this one a "necessary evil"? I convinced myself that the CR wasn't going to be as massive as first portended by the co. when the 3-mth deadline for supposed cost-savings was missed, and given the subsequential 50% drop that had already occurred, I really thought the CR would be at a typical and modest 15% discount. Stupid me! I should have anticipated that vultures would be at work and listened to Steini. However, now that the damage is done, it's probably best not to dwell on it... just take it on the chin (again)!
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