GREY:ATBPF - Post by User
Post by
Hotshot85on May 06, 2021 2:34pm
182 Views
Post# 33142277
Waited Out
Waited OutThis feels like Big Pharma is just biding their time and waiting this out. Longer they wait, the more money needs to be raised and the lower the price it gets raised at.
Product feels solid but catalyst dont move the needle, value doesn't hold and the suggested timelines are fully jacked up. I've been holding for years but its getting harder and harder to stay in.
We could wake up tomorrow and have one announcment that brings IP in and we've sold the whole platform for $25/share. We could also languish here and keep sliding.
I do think the greatest risk here right now is cash burn. it's only a matter of time until they have to do another raise, and at $4 bucks thhat would be ugly for eveyone holding shares
that's biotech coin flip