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Algernon Pharmaceuticals Inc. C.AGN

Alternate Symbol(s):  AGNPF

Algernon Pharmaceuticals Inc. is a clinical-stage drug development company. The Company is focused on developing repurposed therapeutic drugs in the areas of non-alcoholic steatohepatitis (NASH), a type of liver disease, chronic kidney disease (CKD), inflammatory bowel disease (IBD), idiopathic pulmonary fibrosis (IPF) and chronic cough as well as advancing a stroke program using N, N-Dimethyltryptamine (DMT). The Company operates through two segments, which includes the development of repurposed therapeutic drugs in Canada and the facilitation of the Company’s lead drug candidates into off-label phase II clinical trials (humans) in Australia. The Company's pipeline includes NP-251 (Repirinast) and AP-188 (DMT). The Company, through its subsidiary, Algernon NeuroScience Inc., is developing AP-188 (DMT) as a potential treatment for stroke and traumatic brain injury (TBI) recovery. Its NP-251 is being developed as a potential treatment for kidney inflammation and fibrosis.


CSE:AGN - Post by User

Post by geodcanon Jul 22, 2020 3:16pm
230 Views
Post# 31303667

Thoughts

ThoughtsBoth the CSE and OTC seem to be rigged and are gaining the same notoriety as the famous VSE well known for its mining listings.  These are low entry level exchanges with more lenient rules for admission, mostly costs and money reguirements which puts them closer to the fire than the bigger TSE and NYSE.  Failure rates statistacly are higher because of that.  It doesn't bely the fact that they have allowed infiltration by tactics and brokers that have invented new, complicated, misunderstood investment vehicles that investors don't understand which is like printing their own money from the fleecing they are doing.  Commissions aren't enough for this new generation of sheisters that are supposed to smooth out market volatility and instead just outright manipulate it to their advantage.  They can short sell and disseminate bad news to drive the price down to cover and their sense of entitlement is such that they are continually bestowing shares on themselves whether the listings do well or not.  Securities boards are a joke, so much so, that I think they are on the take too or it is just to much work to go after this type of behaviour.  Integrity of these promoters seems to be lost, I guess, due to the fact that they are all doing it, so it must be allright.  Fact is they are pretty much all getting away with it and relying on investors hoping for that upside potential, rigged deck or not, to put up their money.  Investors that don't understand the investment they are interested in should not invest in it.  Deals and written contracts aren't worth the paper they are written on anymore and always seem to have a loophole in them.  I'm thinking of the re-thunk deal that Canopy Growth did with Acreage Holdings which effectively nutted the Acreage shareholders that invested on the already written deal.  I guess you need to know what you are investing in and the more you know about the team and their integrity is paramount.  Dealing with securities issues is like legalizing pot at the federal level in the States.  Nobody wants to do the work to make it happen.  As long as investors fall for the scam, it will keep happening.  glta and dyodd 
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