Jan 11th Committee Formation

It was announced yesterday that PTE has created a strategic review committee to enhance shareholder value, focusing on operational strategies and and practices for the regulatory process and financing. Link below.

This was the real news yesterday. The company is run by smart scientists but probably very poor businessmen (look at their track record with dilution, warrants, other financing issues) and not too accustomed with the regulatory process (see largest shareholder letter sent to company in SEC filings from about December I believe).

The company is highly incentivised to keep its share price above 1USD, or it gets delisted from NASDAQ (see NASDAQ filing); this must be done by June, but they can (and most likely will) get a 180d extension.

Summary: look past the conference yesterday, this committee formation is big positive (in my view). Note I own about 3000 shares and this is a get rich or die trying trade.

https://www.businesswire.com/news/home/20210111005280/en/PolarityTE-Announces-Formation-of-Strategic-Review-Committee