Copied from someone FSD Pharma is down like every other stock and all stocks at the moment are in bear territory , stocks go down when Raza was in charge the stock markets were running bullish but FSD was stagnated some of the biggest gains in those time periods but HUGE was down during those times, there is a serious difference , sorry to say but people who can't understand market forces like these shouldn't be investing in stocks they should stick to safer investments like real estate or gold if they can afford it , or go to a casino at least that would be more fun, or don't invest into high risk stocks while the world is in a recession go buy a dollar store stock... or buy a biotech stock after market has corrected 60%.
Maybe that's the smartest thing to do who knows! All I know is that insiders are buying and bought hundreds of thousands of dollars worth of stock in 2022, in 2018 the opposite was happening and they were selling. they are putting their hard earned money into the company so that should speak for itself. Time will tell if they can execute.
They have 3 assets , main focus on neurodegenerative multiple sclerosis. They appointed all the right people now they gotta execute , even if there is good results from phase 1 if we are in bear market that could have no impact. If they are in a bull market and drop good news maybe that would be more meaningful reaction. Cheers
Cheers and good luck to the longs !