VvvVeto wrote: FSD Pharma just raised 20M USD
I think it means they are doing something correctly in the eyes of institutions. Investors are not stupid working at these places. Half of them are bankers and analysts and mathematicians the other half are lawyers with many years of university in various fields including accounting compiled into their thought process.
We will see who the bigger scam really - Auxly or FSD Pharma. Everyone doubted FSD would never up list to NASDAQ. Everyone doubted they will get investment from institutional investors, it took some time but they kept their promise.
Here are some numbers for those that like to say FSD is a scam and say auxly are the righteous ones; what happens when Auxly can’t pay off their debt? Did you guys know they have debt? FSD Pharma has 0 debt by the way.
$100 Million debt which Auxly presently has (probably the reason they couldn’t support the FSD pharma facility and only looked out for themselves)
$100 Million is not going to convert at $0.20 cents when there is no liquidity on their stock. Auxly doesn’t even trade $200,000 worth of stock per day anymore (less interest? too much debt? No profits?)
You guys can say FSD Pharma is the scam but based on numbers and that’s what investors should really focus on the numbers don’t lie, and it was Auxly who failed on the build out because they could not afford to do it so they shouldn’t have agreed to work with FSD Pharma in the first place if they knew they couldn’t handle it.) Part of their agreement was to finish the buildout by December 2018.
Remember Auxly invested $7 Million into HUGE at $1 per share in September 2018 that was their decision, now think about it why is that? Is it because they knew they couldn’t do it and were trying to cover their asses? I don’t know
Thank you FSD Pharma for doing the right thing for shareholders some might not see it, some do.