Biotech Values

[Biowatch]

"...insiders of scam companies may be inclined to gamble significant amounts of their own money in the hope of making orders of magnitude more money if the scam succeeds."

Some CEO's can be self-delusional, meaning they think their idea works and can't accept the possibly that it doesn't. This is not fraud per se, but does the average investor or the company and potential patients no good.

I've seen scientists initially reject the evidence in front of them when it doesn't match what they want to see. They're only human, and sometimes need a bit of time to absorb new information.

Chances are in biotech, most "good ideas" won't work and won't ever reach the market. That's why research is expensive and biotech investing is high risk.

Starting a company implies an ego, or self confidence. A "can do" attitude.

Blending cold hard facts with peddling dreams is what determines who's a good CEO.

It can be very hard from the outside (i.e., for the average investor) to tell the difference.