As noted at the very bottom of #msg-41917348, the indicator cannot determine that a given biotech is not a scam—i.e. the indicator has positive predictive value only.
That’s amusing—perhaps ‘Stockbuilder’, one of the moderators of the CVM board, is now gaming the indicator! As evidenced by recent posts, Stockbuilder was perturbed that CVM was dismissed as a scam by multiple posters on the Biotech Values board.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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