strong_Dan
Oct 2, 3:03 PM
$PPCB Dumpster fire :))
Their AI just said :
"During FY2026,
$PPCB raised
$7.5M in gross proceeds. Since June 30, the Company has received an additional
$2M through its Series C facility, which the Company expects to support planned R&D activities,"
From WHO's money?
From dilution since they have zero revenue.
Dilution = they sell some paper [promises] to you and then take THE SAME paper and sell it to somebody else also. | Claiming that: don't worry, all of you are lucky! :))
And it's not even actually "TRUE", it's fraud. It's like this:
FORM 10-K | For the fiscal year ended June 30, 2026
"Repurchase Plan
Between July 2026 and August 2026, the Company repurchased 320,031 shares of its common stock under the Repurchase Plan for an aggregate purchase price of approximately
$500,000, at an average purchase price of
$1.56 per share."
next paragraph:
"Shares issued for services
On July 24, 2026, the Company issued an aggregate of 3,500,000 shares of common stock to (..) directors (..).
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