Exited today and recovered my losses by scalping BENE. I've come to believe that qnta is a scam. The main reason is that the CEO did essentially the same thing but in the veterinary niche some years ago with a company called "Petlife" - after that company was dead and shareholders decimated, it seems that he had the idea to repeat the same model but with human medicine, simply changing "Petlife" to "Medolife." It's a matter of record that Mikaelian was CEO of Petlife at one point.
The other thing that made me lose confidence was the press releases about their "study" results always say something like "conducted at one of the leading cancer research facilities in the US" etc. but without actually naming the institution. No good reason for that. Also, none of the studies are peer reviewed so there's no way to know if their results are faked.
Finally, the particular species of scorpion whose venom is used by Medolife doesn't have any peer reviewed evidence of efficacy. The various studies about effective venom that I could find were done with a different species that doesn't live in the Dominican Republic. It's not safe to assume that the blue scorpion of Medolife has effective or useful venom just because some species do. And if their venom was not that useful or peer reviewed it would explain why they've never generated sales revenues from selling the venom itself despite the venom supposedly being so valuable. It wouldn't be valuable if from a different species than the ones proven to have useful venom.
Even if it's a scam, doesn’t mean it can't run. RDGL was a scam imo and had crazy runs. But I wasn't comfortable holding anymore after reflecting on the above, especially the history with Petlife (PTLF).
GLTA
I am not a financial professional and nothing I say should be construed as financial advice, only as my personal non-professional opinion.
