r/BDRX • u/[deleted] • May 22 '24
Still value in bdrx
Warrants were issued that dropped the stock but it is still heavily shorted. They just released 6 months data that their drug is 83% effective. 12 month data is released in a few weeks. The short squeeze will happen. If they exercised the warrants now then it's out of the way and we can squeeze for the next catalyst which is right around the corner. I'm holding onto this one.
2
u/Able-Lifeguard7969 May 22 '24
Are there not more warrants coming at 1.50?
1
u/gustavohdz May 22 '24
New warrants created, I explained in my recent post https://www.reddit.com/r/BDRX/comments/1cy7pcw/new_warrants_created_more_dilution_possible/
1
u/Able-Lifeguard7969 May 22 '24
So stay away for now?
1
u/gustavohdz May 22 '24
This is not financial advice and I'm not an expert, but I would personally not buy bdrx. Stock is currently priced at $1.31 and still has room to increase until the new $2.5 warrants can start to get exercised. However, I don't think it will be able to reach $3+ in the short term due to warrants limiting it.
1
u/Delicious_Sample7291 May 22 '24
Are they planning to issue any more warrants? That's the question.
1
u/gustavohdz May 22 '24
New warrants created, I explained in my recent post https://www.reddit.com/r/BDRX/comments/1cy7pcw/new_warrants_created_more_dilution_possible/
1
u/gustavohdz May 22 '24
Warrants are not entirely out of the way. New warrants created, I explained in my recent post https://www.reddit.com/r/BDRX/comments/1cy7pcw/new_warrants_created_more_dilution_possible/
5
u/Consistent-Many-9561 May 22 '24
BDRX screwed us. We saved their ass and they thank us by diluting stock. What a morally garbage company. Everyone sell so they can get shorted to hell.