Takin' a dive 'cos you can't halt the slide

Floating downstream

So let IBIO go, don't start spoiling the show

It's a bad dream

Just as I've been predicting all along.

Here's comes the huge reverse split

Quote:

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]iBio announced today the Board has approved a one for twenty-five (1-for-25) reverse stock split that will become effective Friday, October 7, 2022,

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Brilliant. Since it's almost 2 weeks away, any shorts have time to cover and others will pound the living daylights out of IBIO pre and post split

Quote:

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Revenues for the fiscal year ended June 30, 2022, were approximately $2.4 million, an increase of 1% over fiscal 2021.

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That's it? Heck Tom's comp is twice that.

Quote:

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iBio's consolidated net loss for the fiscal year ended June 30, 2022, was $50.3 million, an increased loss of $27.1 million compared to 2021

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Drunken sailor spending?

Quote:

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iBio held cash, cash equivalents and investments in debt securities of $39.5 million as of June 30, 2022.

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I've been saying they are running out of real cash

Quote:

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The Company has concluded there is substantial doubt about the Company's ability to continue as a going concern. Accordingly, the Company has been informed by its registered public accounting firm that its audit opinion that will be included in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2022 to be filed with the Securities and Exchange Commission will include an explanatory paragraph related to the Company's ability to continue as a going concern.

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Pretty simple...

They broke and no one is coming to the rescue

Reality is punishing

I'm takin' a dive

Dive
Makin' believe this is what you've conceived

From your worst day (I'm takin' a dive)

Extended hours
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