When Alpine stopped additional financing and they stopped pursing the injection that was a warning sign in my opinion that things may get bearish. Doesn’t mean people can’t make money, if they buy cheap and sell high. But look how it is currently. Volume is very dry and shallow.
But let’s point out some stuff here. Financing it’s bad. Imagine if they move to Nasdaq which will bring on a tremendous amount of Shorts. You’d be a fool to think short interest won’t grow substantially considering the company has very little funds. Then think about management most of the time late on financial filings. You don’t think that’ll gain Shorts attention? Company has a product that has been around a long time in use and available for use and has not, I repeat has not been fda approved nor attempted to be fda approved until late last year. Insurance companies don’t want to pay thousands of dollars for a implant with such a short life once implanted. They’ll prefer oral pills or injections.
Just because the opioid epidemic has grown doesn’t mean the current treatments don’t work great. That’s ignorant of whoever stated that to say that. The opioid epidemic has grown because doctors have pushed opioid pain medications into people and fentanyl has become so cheap to mix with powder to resemble heroin and to be sold as heroin. Addicts have turned to fentanyl due to it being so cheap compared to heroin, which itself is 100 times more potent than morphine. Instantly addicting.
We live in a world where peer pressure has taken over and more and more kids generally teenagers are experimenting with drugs. So don’t say current treatments are not effective. The truth is more and more people are getting hooked and turning to opioids which is increasing the epidemic.
And remember just because someone gets an implant doesn’t mean they’ll stop using drugs! That’s why bray pushes the counseling sessions and drug rehab program! Because if the additional steps weren’t needed he wouldn’t even mention them in his speeches.
The first step to beating addiction is moving out of the area where the drugs are easily assessable.
I’m not trying to be a jerk but it seems so many people think just because there’s an opioid epidemic this company or other companies are a buyout candidate, etc.
The company hasn’t been bought out yet and probably never will unless they begin making more money than they spend. Big companies aren’t just going to buy them because they have an implant...
And FIDO that last message concerning management starting LLCs for pay, well seems not many figured it out.
