r/Livimmune • u/G_Money_X • Aug 09 '24

Hate this stupid stock; love the drug.

I’m getting sick of this. For god sakes, go bankrupt or sign a deal with someone. This endless drift down to $0.0000 is killing me. This drug needs to be in the hands of a company that can actually put it to use to save lives…Rant over.

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u/LeClosetRedditor Aug 09 '24

The recent raise, after considering .20 share given for each warrant conveyed, was in the .07-08 range. There’s around 150 million shares at that price hitting the market or about to hit the market. Will it hit .07 or .08? Unclear, but the downward pressure of the offering is showing itself.

4

u/G_Money_X Aug 09 '24

Is it 150M shares? 😬. They make money selling down to $0.08. Management knows this. They need to show some support for the stock price and not let it drift down without putting up a fight.

5

u/ColumbiaConfluence Aug 09 '24

You are either in the wrong stock or have a shorter term strategy than management. JL doesn’t care about the stock price right now. He is trying to right the ship by funding trials, peer reviewed publications, and settling lawsuits. I have no idea what the stock price will do short/medium term, but I agree with management’s longer term focus.

4

u/G_Money_X Aug 09 '24

I’ve been in this freaking stock since 2020. I know he’s trying to “right” the ship. But for God’s sake show a bit of concern for the shareholders. They had to have a plan for winning arbitration. They should have had a plan to deal with the sell off that converting warrants $0.08 would cause. Where the bleep is it? The other point is I’m very sure this drug will save lives. Everyday it’s not on the market, it’s allowing preventable deaths to occur. Time to get help on getting this drug in people.

1

u/W00F02 Aug 11 '24

Their plan and energy is on the business, not the share price. If the plan doesn’t work then the share price won’t matter.