Aug. 13 at 9:32 PM
$EDSA So this sums up Edesa and scam artist Pardeep Kumar Nijhawan.
Short your own stock from
$20 to
$4 in a month. Do a very small offering at
$4 with you buying half with your buddies buying other half.
Lie to investors that this is for the start of the Eb06 trial. Months went by and trial never started. We get earnings today and same old bs that trial will start soon. (Saying that 3 years). Also same old bs that on eb05 we are talking with partners and regulators. (Saying that 6 years).
The fact that this company did not raise any capital on the stock jump to
$20 tells you the story here. They were happy to use ATM at
$1/6 months ago and do offerings (selling 30% of company to Velan) at
$2 and
$4 over the last 2 years. But didn’t use the ATM at
$20. And didn’t try to do any offering near those prices. Now we are sitting here with 6 million dollars in the bank saying we still plan on staring a trial soon even though we haven’t run a facking trial in 3 years. Scam!
