Thursday, May 09, 2019 2:40:36 PM
Here is a PR from Portage Biotech, symbol PTGEF: https://www.prnewswire.com/news-releases/portage-announces-change-of-ceo-300843997.html
The initial valuation of Biohaven was $3.5M just 3.5 years ago. Biohaven being a sub of Portage.
The valuation today stands at $2.5 Billion.
Had you stuck with Portage for the 3.5 years, you would have had a 95X return.
Moral of the story, find a company you like, follow the developments, chat with management and have a long term outlook.
Oh and by the way, the company was co founded by the CEO (to be) of Wuhan - CEO of MJ Medtech.
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