This is a bit disturbing. The idea that they could IPO at any price like today's is an abomination, it would be a a ferocious and unwarranted dilution. But -- I do find it very hard to believe that they would do this. When they raised before, they raised after the price went up quite sharply. Hopefully they will follow a similar pattern this time, waiting for the efficacy SP boost before IPO. Fingers crossed!
BTEBY - reverse split, page-10
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