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Mydecine Innovations Group Inc C.MYCO

Alternate Symbol(s):  MYCOF

Mydecine Innovations Group Inc. is a Canada-based biopharmaceutical company. The Company’s principal activities are research, drug development and clinical trials of psilocybin products. The Company offers healthcare professionals a variety serotonin-modulating medications by developing drug families derived from Psilocybin and MDMA. The Company is developing several prodrug families, beginning with a psilocybin-derived smoking cessation drug undergoing a NIDA-funded trial at Johns Hopkins University. It is also developing MYCO-006, short-acting chemical analogs derived from MDMA for treating various conditions, including anxiety and pain. It utilizes artificial intelligence (AI) and pharma research infrastructure at the University of Alberta to develop and manufacture new medications to make them accessible to the general public upon Health Canada and Food and Drug Administration (FDA) approval.


CSE:MYCO - Post by User

Post by jmc777on Apr 04, 2019 12:19pm
92 Views
Post# 29582518

Why don't insiders buy?

Why don't insiders buy? If this "reverse split" took place for the benefit of the shareholders then where is the "good news"? How come we have not woken up to a surge in shareprice followed by a massive insider purchase? I'll tell you why.. It's because this company that used to be called New Age Farms didn't even do a damn thing. The old ceo dumped his shares on the high and hit the road before fulfilling his business obligation. For those few that bought a ton of shares during the hype, don't average down. And for those pumping this (because you want someone else to hold the bag of cr*p please stop). This company has done nothing but create financial stress for many people. I've lost 5k on this gamble. And that's exactly what it was for me.. just a gamble. The current share price is way overvalued and the reverse split was a horrible idea. Again, for those considering averaging down please don't. 90% chance you're going to loose. Now come on New Age Brands, prove us wrong. Buy some stock already? Pffttt.
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