Biotech_Pharma_Investor
$NVNO
I would love to see retail voting against the proposed equity plan
(1) Incredibly slow progress (on purpose until plan gets approved??). Not even one patient enrolled yet (management likely wants the equity plan approved first before pumping the stock...)
(2) No insiders buying (why buy when you can get free cheap options) in sharp contrast to CEO presenting $NVNO as a generational investment opportunity.
(3) >30% dilution from proposed equity plan.
(4) New plan allows management to reprice the options as needed without a vote.
<1% insiders ownership
14.8% institutional ownership
7.5% T Satterfield
77% general retail
Good luck getting a positive vote
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