Algernon Pharmaceuticals Inc C.AGN

Trading below PP

[TheBearInTheWoods]

I want you guys to all make money but from an observer of the stock and how Management handled the run, It feels like another Reduction in the PP price is coming. IMHO 

This team went from .06 this year to .58 on repurposing an old drug, they quickly ran to the market to take advantage of COVID and the Brokers knew it by the actions they took. For management they will be happy to reprice at .30 to pay thier wages for a couple years.

Once again, I hope you all make money but the constant halts for attention and the quick financing without a closing date were huge red flags.

Good Luck to all

[DigitalSpurs]

Reduction in PP can't happen again - it's closed haha Also, it's a slow weekend - Long weekend, almost all stocks in my portfolio are in the red this week. Smart call, as the company will very likely report news next week with updates.

[TheBearInTheWoods]

Your correct, missed that NR. I stand by the rest of the post though, The company has 120 mil shares outstanding and 40 million warrants....  Comparing BLU and AGN is interesting AGN - Rights? Shares Outstanding - 120,000,000 Warrants Remaining - 40,000,000!!! Insider Holding - 2% Insider Buying - $30,000 BLU - Owns a Drug and Commercialization Shares Outstanding - 60,000,000 Warrants

[Algernon]

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[NightHawk1987]

Glad to see you back Algernon (or maybe AMG) and Danny. You two provide incredible insight. I, and others, are very appreciative. FULL disclosure... This is the longest I've held onto a bio pharma stock (been 4 weeks now I think. Lol at the last high point) usually I use abuse them. In and out. But I believe in Ifenprodyl. I only have 40k shares. Not the end all, be all. But, still a decent

[TheBearInTheWoods]

 "As far as who owns what, insider this and that, it all comes out in the rinse." Your name clearly indicates your bias in this play and thats fine, but my post was educate shareholders that management owns a handful of shares. If management owned shares they would not have made terrible market decsions which they did, Maybe the team arent market people, but they brought a share

[Algernon]

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[NightHawk1987]

Not at all. Don't get defensive bud. We're all just trying to gather info, to insure our investment. We're all in the same shitty boat right now, like it or not. Take your feelings and leave them at the bedside. Not sure if you have realized yet, but this boat has a leak.

[Algernon]

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[NightHawk1987]

Wow. Never mind then. I'm just trying to learn. That's the only way to grow. With an open mind. If you don't grow with what you read, then don't respond. Simple as that.

[294ever]

Bear in the woods i believe Algernon answered those for you awhile back hope this helps

[294ever]

RE:RE:RE:Trading below PP  Bellus Health is the best comparison to Algernon because they both are pursuing Chronic Cough. The other company you threw in the mix in not a comparison to Algernon. Sure, your other pick has thrown it's hat in the COVID ring but what biotech hasn't? I can't make heads or tails out of "ARCH's" pipeline. IMO, the website is not very

[TheBearInTheWoods]

They havent recieved any of the patents, so it doesnt answer them at all. The current manufactuer could also apply for patents could they not? if the drug has promise and they donthave a patent then it could be a legal nightmare.

[KohKut]

Take a moment and call the CEO....doesn't get any easier than that unless one is too stupid or lazy. So which one is it now?

[Arbourmark]

Hi Kohkut, I agree, look at some of his other posts, most are always negative with conspiracy theories comments with open ended  questions to create fear and doubt in readers mind.

[futuregains]

Yup. Classic Troll. You guys nailed it. Must be getting close to lunch. Trolls get hungry then. They go looking for souls to consume. 

[TheBearInTheWoods]

Here you go Algernon, sorry for the delay, I had to read back through 100s of posts of luv hourses talking about SCIENCE and free range chickens

[Algernon]

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[TheBearInTheWoods]

When I was a newer investor, I used plays like AGN to learn. You can trade plays like AGN, But I dont invest in companies that Management doesnt. Next time dont beat up on critical posts and take some time to do some research, GLTA

[TheBearInTheWoods]

[TheBearInTheWoods]

June 2020 for your reference