I think you're missing the point. Have you ever purchased a biotech??... If you have, you should know how they work. ENDO is on the cusp of product launch, they are forward thinking with the way they are inking deals to set up for when it happens. The entire industry is extremly speculative and based on companies that don't have revenues, unproven track records, newly adopted MJ business models and speculative/new products. Marijuana is still illegal for recreational purposes federally, the medicinal side of the business on the other hand is exploding and will be IMO where the big money is made. Yes ENDO is banking on a blockbuster product launch and their pipeline, but what biotech isn't??
Point being, ENDO is no more of a gamble than other plays that have billions of shares outstanding to keep their companies afloat or hire stock promoters to continuously pump out fluff PR for 2 bit products they will never turn profits with. Its all about tomorrow with the majority of the MJ plays, purely speculative base on opinion but most importantly FINRA... Biotech + MJ = BIG $$... Bottom line... When the products are launched... It's too late, especially a stock with a low float!
FYI... I own 15 MJ tickers, I purchased this to diversify. If it takes years, so be it, I'm in it for the long haul. I feel ENDO is a no brained and they'll kick the tires and light the profit fire...
AI
