Petros Pharmaceuticals Inc (PTPI) News

Read the filings

Did $15M capital raise 10 months ago so cash should be no problem

Shocker...and some claimed nearly 2 years cash in the bank lol. Large debt on the books.

Careful here …
https://stocktwits.com/KeepItRealistic/message/572708730

PTPI new 52 week low

PTPI new 52 lo

We know what isn't up. Nasty

What's up

Exactly

New lows = new low conversion rates

Likely nearing 8 million shares since another installment payment was due this week. Lost nearly 14 million dollars on less than 6 million in sales. Sales last year were lower than 2022. Patent expiring in 12 months. Lot's of other fun nuggets that most won't bother to read.
This one spells out further dilution it would seem:
Going Concern

Petros has experienced net losses and negative cash flows from operations since our inception. As of December 31, 2023, the Company had cash of approximately $13.3 million, positive working capital of $9.6 million, an accumulated deficit of approximately $98.9 million and used cash in operations during the twelve months ended December 31, 2023, of approximately $7.6 million. The Company does not currently have sufficient available liquidity to fund its operations for at least the next 12 months. These conditions and events raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that these consolidated financial statements are issued.

GLTA

$PTPI 10k filed

https://www.otcmarkets.com/filing/html?id=17418536&guid=11Q-knncHeK-B3h

“As of March 26, 2024, the registrant had 6,875,814 shares of common stock outstanding.”

PTPI under $2

FDA meeting tomorrow. Definitely swinging some shares for that IMO.

lots of pre market volume, looking good

https://www.sec.gov/Archives/edgar/data/1815903/000110465924037906/tm249589d1_8k.htm

I'm in @ 485 shares. Let's go!

https://www.accesswire.com/844279/petros-pharmaceuticals-successfully-launches-ai-tool-in-collaboration-with-multi-billion-dollar-software-provider

there it is :))

Come on ,let's get back in to the1.60s

Well that's alot of premarket volume

Nice comeback

finally been held for so long

Something is up

great ending
at its high :)))

Nice close 1.66

$PTPI - love it

Getting perky

Nice

Well good morning $PTPI

Yup! Moon mentioned it again yesterday

https://twitter.com/keith_rah/status/1765349096192135247?s=19

BTC is at it again this am

Avg volume (3m) is 907,606

So todays volume is inline with the average

Is it just me? Or all liquidity went towards Crypto and Bitcoin

Added down here in the low 1.50s

I'm keep an eye for the news symbol on the app

Volume down today

No worries

Yep
Your calculations were spot on !
Sorry for being in denial lol

Now you see why I was approximating a million shares per month for these past 5 months. 8 more months to go

In Feb 80% of Lowest 3 closing prices, in last 30 days prior to Payment date was .8 x $1.13

$1,154.000 / (.8x$1.13) = 1.287,946

So 1,287,946 shares were added to float for the Feb Payment

Sorry I haven't followed them BK.

Hey runn ,do you have any opinions on Algo*s therape....Just saw they have a catalyst on Thursday

Could be. We just know large dilution and dwindling cash by eoy.

Yeah a spike in March followed by a slow decline after that is my guess

I expect OTC approval in 2025 (if at all) because they have a trial that ends Dec 2024 which they will present to FDA

So its a long hold with a possible spike in March on FDA meetings

More like 6m unless they already shorted March’s stack in Feb lol

These debt holders never lose $

Yeah that's what I have been posting from the filings. That's why I estimate close to 8 million shares now or within the next month or so. It's possible that nasdaq won't allow them to sell that many that quickly. If not, then, it's just a matter of time. People who are buying shares now could very well just be buying shares from the company and not other shareholders. Still doesn't mean it can't move above the $2.25 warrant price but folks will just have to see.

$PTPI conversion facts below posted on X

https://x.com/maxinvestor89/status/1763270834200711297?s=46&t=IJ2EAuutIm5R5c1kklP3-w

Yup! Looks good. Just need to cross that $1.75 mark