Replies to post #15459 on Algernon Pharmaceuticals Inc (AGNPF)

[Money $hot]

Yeah...management's public display of stupidity is something one must factor in big time since we all now know how stupid things can get real fast. Like finding out the Chronic Cough study being combined with the IPF study is an industry standard no no. How did we know that? Well, I personally found that out by Moreau stating as much when he fessed up to how F'd Up he made such a decision. Do you realize how negatively that continues to impact the company trajectory? Had they not done such a bonehead thing we may already have statistically significant data for a standalone Chronic Cough study. Simply look at what Bellus Health continues to accomplish with running it's Chronic Cough clinical trials - billion dollar valuations. They are a one trick pony with Chronic Cough and they continue to run circles around Algernon while Moreu continues to call them a pure comparison company. In what world? Pennyland versus Nasdaq? Two different worlds - worlds apart. Bellus Health will have started their Phase 3 clinical trial for Chronic Cough before Algernon will have started it's first Phase 2 Chronic Cough study. Algernon will have been at the "repurposed drugs strategy" for 4 years by that time. Meanwhile, Bellus Health will likely finish it's Phase 3 clinical trial and report data before Algernon completed it's Phase 2 clinical trial. It will be a 5 to 6 years long (since 2018) display of how Algernon doesn't get things done in a timely manner. Algernon has been one of the worst performing biotech's out there (6M market cap...smh) with a management team that takes their eyes off the ball to go out into the world of pennies and create conflicts of interest with other Team Cobra members. I've never seen/experienced anything like it with having hard earned money on the line! Some people would rather act as if nobody but oneself should be held accountable for management inside/outside actions that hurt shareholders and the company's reputation. Shareholders have the ability to move management/mountains in the direction of doing the right thing. One simply needs the energy to do it. Moreau has done plenty of moronic stuff as CEO and Malhi's involvement with moving millions of shares of stock is like he retains mob family ties. Management lacks morality. Turn the other cheek...No sir! I'll call it out how I see it eye for eye, tooth for tooth, blow for blow. As I've said before - I'm following the story to it's end - success or complete failure/bankruptcy. Whether I have money on the line or not I'm going to tell the story regardless. I prefer the story to have a happy ending for ALL. One other thing before I end this opinion. The "D" at the end of the stock ticker AGNPD is only temporary? It has everything to do with the reverse split. It doesn't stand for "DUH".

https://budgeting.thenest.com/d-stand-added-stock-symbol-30408.html

Reverse Splits

A D might also appear next to a stock that's going through a reverse split. In this case, the number of shares gets smaller, and the price gets bigger. In a 1-for-3 reverse split, for example, you receive one share of new stock for every three old shares, and the price of each share triples. The company sets down the time of the split to the minute: South Carolina-based Palmetto Bank, for example, announced a reverse split to take place on June 28, 2011, at 11:59 p.m., and to benefit all shareholders as of that date. Small companies with shares worth only pennies reverse-split their stock to get the price into a respectable range or to get listed on an exchange that has a minimum share price.

Until next time, enjoy all the post split shares and tell beer buddy I said hello.

peace,

M$