InvestorsHub Logo
Followers 0
Posts 155
Boards Moderated 0
Alias Born 01/07/2024

Re: cowtown jay post# 41423

Tuesday, 01/09/2024 12:24:33 AM

Tuesday, January 09, 2024 12:24:33 AM

Post# of 43270
if the drug has any commercial sales potential the asset is worth 1 billion.
even in clinical state it was worth at least 100 million without FDA approval. it was the lawsuit that deters any outside new injection of captial. if the assets are worthless why make a bid for the assets.? either chapter 11, the creditor claims get nothing.. and main reason for the banktupcy is from the lawsuits from previous shareholders who sold. i don't know how much they want for their investment loss but courts have give rediculous amounts like over 100 million in fines. no company can survive with a 100 million dollar fine that has no FDA approval
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.