Well the verdict is in! The people who matter like THE GREEN MARKET-! Look at the most viewed threads yesterday, a heralded list the stonedinvestor is never on despite all his hard work and lookie lookie--> No 14 with a bullet-
GBA Presents: THE GREEN MARKET
Views: 669
stonedinvestor
Alright ATOS- What's up?
Atossa Therapeutics Adjourns Special Stockholder Meeting to October 7, 2021 to Allow Additional Time to Vote...
The purpose of the special meeting is to approve an increase in authorized shares of common stock, which requires the affirmative vote of a majority of the shares of common stock issued and outstanding as of the record date. While the votes cast to date have been strongly in favor of the proposal (73% of shares voted have been voted in favor), only 58% of the outstanding shares of common stock have been voted with 42% voting in favor of the proposal. Atossa is therefore adjourning the meeting for 30 days to allow additional time for stockholders to vote.
Leading proxy advisory firms ISS and Glass Lewis have recommended stockholders vote in favor of the proposed increase in authorized shares.
The newly authorized shares of common stock are primarily intended to be used to complete and/or support acquisitions, collaborations, partnerships and licensing transactions. If the proposal is approved by the stockholders, Atossa does not intend to issue any of the newly authorized shares of common stock for the purpose of raising capital in the nine months following approval of the proposal at a price less than $10 per share.<------
Just so weird man have you ever heard of a $3 stk seeing approval to raise money and issue shares that will not happen until the stock reaches - $10?
Cue the controversy -- (1) Why would a bio with ALREADY $100 mln in the bank raise more?
(2) Is this some sort of de facto take over pill? (3) Will the stock reverse split and suddenly be near $10 a share?... People just don't know what is going on. The view of Atossa has gone quite negative. There was a time when their prospects were viewed more favorably. I for one have believed that their nasal spray for Covid could be big. It makes alot of sense to me. The nose is where we have to attack this virus-- that's where it hides and incubates.
Alright now another theory that no one is putting forth... What if the slight delay here in the vote is really for a different reason. They made their case why and it felt a little forced to me...
58% of shareholders have voted and 73% of those folks have voted yes...
What if there really was some potentially good news coming that would boost the stock alot and then provide more of an opportunity to raise those funds? We have two ongoing trials overseas-
what if one was about ready to be reported but they had to tie up some loose ends?
I know there is a large amount of what if? Here & mystery and that's a problem but something just feels weird here between a company raising funds when they don't have to --> to slightly delaying the vote.. It just seems to me with all the negativity around the name, management would want to goose this abit a get folks attention again and to do that they need good results in their Covid spray trials.
- Atossa already has about $142 million in the bank-
- AT-H201, an "inhalation therapy" for use in treating moderate-to-severe cases of Covid-19 in a hospital setting, which has been shown to "inhibit SARS-CoV-2 infectivity [in] a standard cell type being used to study infectivity of the coronavirus,"
- AT-301, a nasal spray that can be used at home to treat milder cases of Covid-19, and a therapy that has already wrapped up Phase 1 clinical trials. A Phase 2 clinical trial is expected to begin in Sweden and to run from Q3 to Q4 2021.
- And finally, oral Endoxifen, a proprietary formulation that Atossa hopes will both "reduce tumor cell activity in breast cancer patients in the "window of opportunity" between diagnosis of breast cancer and surgery,"
It's that AT-301 that is a rain maker I can see these little ATOSSA spray bottles being a BIG thing in EVERYONe's homes if it works out- sniff sniff lets start our day....
The Number One Gift This Year For Christmas Should Be--
Slinger Bag Inc. (SLBG)
$3.4500+0.0800 (+2.37%)
At close: September 14
Despite these past 5 or 6 down days the Stk refuses to go down!!!
Van doesn't like it. I'm hoping he changes his tune. ~si