Cocrystal Pharma Inc (OTCBB:COCP) Gets Corrected

[[tagnumber 0]][[tagnumber 1]]The past several months have been quite bad for the stock of Cocrystal Pharma Inc (OTCBB:COCP) as the stock dropped below the $1 per share mark and kept on sliding down the charts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Even after significant losses, however, we see that [[tagnumber 6]]COCP[[tagnumber 7]] has e pretty big market cap, even for an OTC biotech. It has currently fallen below $500 million and the company seems to have decent some financial security at the moment. Here is a quick example of some of the numbers contained in [[tagnumber 6]]COCP’s[[tagnumber 7]] report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $15.78 million[[tagnumber 15]] [[tagnumber 14]]current assets: $16.32 million[[tagnumber 15]] [[tagnumber 14]]current liabilities: $7.34 million[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: $27 thousand[[tagnumber 15]] [[tagnumber 14]]quarterly net loss: $2.62 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Let’s not forget, however, that the company’s shareholders have suffered quite a lot while this financial security was established. Dilution has been rampant and we have seen the outstanding share count rise from [[tagnumber 6]]122 MILLION[[tagnumber 7]] to [[tagnumber 6]]694 MILLION[[tagnumber 7]] in the period between August 8, 2014 and August 13, 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And even though the company stock managed to finish last week positively after some press releases were issued we see that [[tagnumber 6]]COCP[[tagnumber 7]] isn’t doing that good this week. The ticker got corrected and fell 13.21% in yesterday’s session to close at $0.68 while the 301 thousand traded shares generated $209 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After obliterating Thursday’s and Friday’s gains in a single session we see [[tagnumber 6]]COCP[[tagnumber 7]] a bit more stable today. Be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]