GREY:ATBPF - Post by User
Post by
Kusanationon Jul 10, 2020 7:05pm
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Post# 31254175
Thoughts on Bio Pub
Thoughts on Bio Pub Seems like they are moving forward. Ultimately Dan said that if they find a good buyer who offers a good deal then he wouldn't mind selling but until then he is moving forward with heading into phase 3. Also, be ready for a reverse split. He made it pretty clear that there will be a reverse split to get us on NASDAQ. He mentioned that the paper work to get on the NASDAQ has been completed and it's only a matter of "when they want to go on it". He also said phase 3 will take about two years after it begins.
All in all this is going to take a while. He struggled very much answering the question that asked "why should I invest now rather than waiting for the reverse split". This is a little concerning because he couldn't really provide a reason why someone should invest now besides the fact that the stock is undervalued (which is something we already know).
overall the science is there, it's going to take a while but hopefully he sells this off before. I personally don't think he will. I say this because it seems like he's using it as bare to hang in the face of investors to keep the chasing the idea that can be bought by big pharma. I believe they will be but not pre-phase 3. I think it will happen post phase 3. I can't see him willing to go through getting phase 3 started and working to get on NASDAQ to only then sell it off. But who knows. Thoughts?