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FSD Pharma Inc C.HUGE

Alternate Symbol(s):  HUGE

FSD Pharma Inc. is a Canada-based biotechnology company. The Company operates through two segments: Biotechnology and Strategic Investments. Its Biotechnology segment is focused on furthering the research and development of the Company’s two primary drug candidates consisting of Lucid-MS and Lucid-PSYCH, as well as the development of UNBUZZD. The Company’s Strategic Investments segment is focused on generating returns and cashflow through the issuance of loans secured by residential or commercial real estate property. Lucid-PSYCH is a molecular compound identified for the potential treatment of mental health disorders. Lucid-MS is a molecular compound identified for the potential treatment of neurodegenerative disorders. UNBUZZD is a proprietary formulation of natural ingredients, vitamins, and minerals to help with liver and brain function for the purposes of potentially quickly relieving from the effects of alcohol consumption, such as inebriation, and restoring normal lifestyle.


CSE:HUGE - Post by User

Post by Bigmac4000on Jun 04, 2020 2:20pm
179 Views
Post# 31112819

Now do you guys understand?

Now do you guys understand? On Tuesday the stock was around $4.00 ($6.05 below the day of RS) and the company had about 6 million in the bank. The 3 phases of trials cost around 50 million according to Dr R. They have a building they so far cannot sell at an asking price of 19 million which includes licenses and stock piled weed and future supply agreements going to 2023. They have a patent on an item already available in Italy and Spain and the patent runs out in 2030. You have a 100 million stock dilution in the waiting. As per March 31 financials. FSD applies for a IND which literally means absolutely nothing. The stock spiked 205% before settling back to around 140% and pre trading kept dropping. Now it's gone from $14.80 to $7.44 and still dropping. It will settle back to where is started from. The FSD post yesterday has no news. It's as useless as the LOI they posted from WCE a while back that was the same contract from a year prior with a minor wording change. It's hollow with no substance. Them filing for this IND is as useful as me buying a driver testing manual with the intent of writing my license before going for the full test. It means nothing sadly. If you think I am wrong explain the drop in stock the very next day. People saw the word COVID-19 and got excited. It is not a cure or vaccine. It would be for inflammation in patients. We are still where we were Tuesday accept we can submit with a request for FDA to consider it for COVID-19 treatment. Thats it. Now today we see FSD has made an arrangement to dilute stock at below $7 which Is below market value. So they had to again sell the farm to convince someone to offer up some cash. Keep in mind it's temporary cash. It will not last more than 8 months including the current cash on hand. The building has to go before we dilute the shares to nothing. Yesterday I didn't say a word so I could let the numbers see for themselves the market doesn't care about hollow goofy statements without something to follow. Just like WCe LOI and so many other advertisements and posting garbage. Back to my original statement. AFTER phase 2a you'll see movement. Not before. Proof is today. Thank you.
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