He reported the main investor funding the NLC Pharma spinoff backed away when the war broke out. I'm not sure if this means the investor was from Israel, or simply didn't feel comfortable investing in the spinoff of an Israeli company during a time of war. Understandable in either case... too many uncertainties. It would be great if that investor moved forward on that front after the war is over. Tollovid and Tollovir would benefit a lot of people in the world. I hope they can figure out a way to make it happen.
I don't think he used the war as the excuse, only as a factor in the outcome. The Twitter post is copied on this board if you want to look it up. I think I'm the one who posted it. The former CEO taking the company into insolvency court over unpaid backpay he claimed was owed him is what ended this. Had the spinoff gone through, the insolvency hearing would likely have had a different outcome and the company would have survived.
The company's cash cow with Covid testing dried up as the government and hospitals moved away from testing when the government announced the pandemic was over. Covid testing of wastewater streams around the world tell a much different story, however. And Tollovid sales helped in revenues, they weren't substantial enough to make a difference. The price started at $379 per bottle and slowly worked down to $99 per bottle, probably due to both lower demand at the higher price and scaling for larger production runs to reduce cost per bottle. It was a great product and I wish I still had access to it.
I have to believe had the spinoff been successful, Todos investors would at least have had the option to exit their position little or no loss regardless of whether the company succeeded or failed afterwards.
I took a big loss here. My decision, my ownership. But I did get a nugget from GC about Novavax, and I took a large position there. I've swing traded the stock over the last 5 weeks and picked up over $40,000 in free NVAX shares. I converted the NVAX shares to my Roth account on Friday at the lowest share price since the Sanofi partnership deal was announced. No state taxes on the conversion for me, only federal. I think it will do extremely well and I expect to fully recover my Todos loss with Novavax.
I'm already testing my investment strategy beyond Novavax using leveraged ETFs and an algorithm I've studied for a long time, which in testing historical price data with a number of ETFs has shown average annual returns ranging from 35% to 68% over the most recent 5-year periods. So I'll likely be heavy into that model next. Best part is I don't have to sit in front of my computer, as I've designed it so it requires only about 15 minutes/month on average per investment. 😎
AI
