Most small biotech companies just starting out have very little cash. For example take a look at PCYC when it was trading below $1 a few years ago. Cash was a big problem. Not so anymore. How many bio companies just starting out that you know of that have more than sufficient cash to fund their trials? Not many. I can't think of one.
all speculation
Most investing, especially in small biotech companies, is speculating. I don't think anyone said differently on this board.
and you have poor people who bought in at over 40 cents some as high as .79 cents last week
A little less than 2 weeks ago the stock was trading in the lower .20's. On Friday it closed at .42 which is about a 100% gain. Not a bad return, eh? Most people on this board are in at levels lower than .40's. Many traders came in over the last week and profited on the way up and the way down. Welcome to the world of investing. SBFM is still up. A retrace was expected.
tell it the way it is and tell these people to sell before they loose their shirts !!
The way it is according to you must be correct, eh? It's interesting that you would come here to bash a penny stock. A company that is working on a cancer drug to treat patients with breast and lung cancer. Yes, i hope they fail too. It would be awful to patients with cancer if this company succeeds.
i am calling it as i see it.
Me too.
"Don't worry about the world coming to an end today. It's already tomorrow in Australia"