Biotech Values

[DewDiligence]

ARTE closed off 53% on the Chapter-7 filing. I’m surprised the drop was that large because an investor would’ve had to be living under a rock to not know this was coming.

At 0.03, the shares will now become appealing to the P&D types who are prevalent on many iHub boards. (WAMUQ, the board for what’s left of Washington Mutual after everything of value was confiscated leaving a debt-laden shell, is the most active investment board on iHub.)

Despite the fact that today’s ARTE PR told shareholders they won’t get even a crumb, some will continue to believe in miracles. The plentiful supply of such suckers is what draws in others to pump and trade these kinds of securities.