InMed Pharmaceuticals Inc (INM)

[Thedrugguru]

Reality is often cruel. I wanted to believe in this stock but a look at cumulative facts is not good. They have been making the same promises for 2 years with no results. When Adams dumped a million shares earlier, the stock got killed. Insiders have now dumped over 600,000 shares since Aug 20. I suspect more large sales tomorrow and Wednesday. They are selling because the stock is up on the pot stock euphoria when in reality Inmed has nothing but promises. I have no doubt their biosynthesis will be pushed out as they don’t have anything. If they have what they say they have, no insiders would sell as the company would be very valuable. These guys are very unethical. I expect this stock to go down substantially over the next 30 days. The high in January was a lifetime high and it will never get back there. Two years from now, this stock will be at 15 cents with 350 million shares outstanding. It should be at zero but there will always be retail investors who will place false hope in their bogus claims. Insiders own tens of millions of shares at no cost and will happily dump them at any price. Face reality-you have been screwed by this group.