InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,459.10
(
1.11%
)
US TECH 100
18,514.00
(
1.00%
)
Dow Jones
40,589.34
(
1.64%
)
Brent Oil
79.75
(
0.00%
)
Bitcoin
68,091.22
(
0.43%
)
Post# of 252706
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

drbio45

Send PM Follow Ignore
Followers 36
Posts 3185
Boards Moderated 0
Alias Born 10/18/2003

drbio45

Re: DewDiligence post# 87965

Tuesday, 12/22/2009 5:08:30 PM

Tuesday, December 22, 2009 5:08:30 PM

Post# of 252706
Biotech scams

I believe Stephen Kanzer did not set up Pipex as a scam. He believed that the drug for Wilson's disease would be approved. Unlike the CEO's of biotech scams he lost millions of dollars buying the stock on the open market before the NDA filing.

So as far as shareholders are concerned, a loss is a loss, but I would put Kanzer's efforts as gross mismanagement more than a scam. He depended on advice of consultants
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
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.

Sign Up