Aug. 14 at 9:27 PM
$NMRA Adding to my short after this report. Critically wounded stock:
-Massive net losses and cash burn.
-Cash is critically low. Per their filing they have doubt at being a going concern. To save the company, a massive dilution at much lower prices and discount is required (typically followed by reverse split).
-ATM on high gear every single quarter.
-Debt is too heavy for a non-revenue Co and interest too expensive.
-They are in phase 1 trials, so no real catalyst in years. Data will be low value even if positive. Let alone another big failure...
-Perceptive and Millenium both liquidated their positions recently.
-Class action lawsuit ongoing = time and money wasted.
-Short interest is quickly rising = consensus of poor stock.
