Post by
Bigmac4000 on May 16, 2023 3:06pm
Although not a record im sure, its not a good milestone
April 12 FSD was riding high at a whopping $2.04 or $0.010 pre RS. Here we are 14 days later we are down $1.02 ($0.0050) with almost no money in the bank (people forget the financials were from months ago and we've already chewed through some of the cash. We have a 53 million lawsuit thats very possibly true, given that we got inside information about a product, hired a spokesman for similar product and annouced the product publicly with the intent to form a division for this product, that sure sounds guilty to me. We have FSD 201 that is barely in phase trials and the patend expires early 2030. Lucid could not make it on its own and AD stole company funds and did a aquisition of his own company with FSD funds. Lucid trials are barely off the ground. As a share holder i would try to sugar coat all this if it was still 2018 or 2019 but sadly i know how this company operates and I can see the writing on the wall. FSD has been on life support for many years and this CELCIUS 2.0 scandal i think is the death rattle. We wasted 2 milion company funds to repurchase stock to get to $2 and now its all for nothing. Do we spend another 2 million? We are probably already under 10 million as it is. Im going to sit on my balcony and have a good stiff rum and coke and try and forget this waste of my life for just a little while. .
Comment by
breakout on May 16, 2023 4:57pm
FSD may be sued for the alcohol reversal but more than likely they had an agreement with GBB that they could only use the product for medical uses. Thats why FSD is pushing the medical benefits.
Comment by
BigDogMac on May 16, 2023 6:24pm
When GBB prevails, ALL of FSD's otther products are doomed regardless of their efficacy. Kotra's reputation and credibility will be shot as with the entire management team.
Comment by
breakout on May 16, 2023 7:17pm
Hard to know. GBB is not putting any info out on the breakthrough product other than their cheap website that ive found. Who knows to preorder from their website if no one knows it exists.