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News Focus
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BDEZ

08/20/23 8:58 PM

#174846 RE: MiamiGent #174838

He's a pharma shill...not good.
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crazy horse 0

08/20/23 9:58 PM

#174854 RE: MiamiGent #174838

The pickings are few

OK, I don't like this at all. I've been in stocks a long time and this is, "tricky money" in my strong opinion. He's OUT!
Go BS somewhere else.

Vivek co-founded the technology company Campus Venture Network – offering software and networking resources to college entrepreneurs – in 2007. Ramaswamy also did a stint with the QVT Financial investment advisor from 2007 to 2014. According to his bio, at age 28, he was made partner at the hedge fund, investing in pharmaceutical companies, as per Forbes. Vivek Ramaswamy founded Roivant Sciences, a pharma firm whose goal was “developing and delivering medicines to patients faster and more efficiently,” in 2014, serving as the CEO until 2021. In 2015, Vivek’s image was splashed across the cover of Forbes magazine after he was reported as raising over $350 million for a subsidiary of Roivant, Axovant Sciences. It was an attempt to prop up a failed medication for Alzheimer’s. The same drug again failed tests at Axovant in 2017. Since then, Ramaswamy has co-founded Chapter, a Medicare advisory firm, while also becoming co-founder and executive chairman of Ohio-based company Strive Asset Management.

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MiamiGent

08/21/23 8:47 PM

#174937 RE: MiamiGent #174838

Hi folks, I have been asked by others on another board to provide a link for my post (link back). There is no link. It's from my brain.
I have traded stocks daily for 16 years. I can't provide a primer on slime but that's often what raising money for bios is about.
The article I linked said he raised something like $350M for a drug candidate that had already failed. And guess what- it failed again. Now innocent investors sucked in by rosy PRs are out another $350M. And guess where the money goes in these come-ons? For cushy jobs, big salaries and stock awards- whether you accomplish something or not. And he didn't.
I've seen this time and time again. These bios are too often a hope, a lick and a promise. Too frequently a vehicle to legally fleece innocent investors. And usually with the same results- orchestrators make big money and investors get squat. And know that many of these investors are in desperate financial shape, hoping the embellished PRs are true.
Just being part of a hedge fund is extremely dubious to begin with. They are often about finding angles, tricks and clever sleight of hand plays. Think subprime mortgages bundled and sold off to unsuspecting investors.
I don't like the work world he comes from. It's not "honest" work. By that I mean it is not someone building houses, laying pavement, providing mental health services, practicing medicine or dentistry, providing day care for children or the aged, running a store, etc.
Hedge fund are too frequently about how can we finagle money out of unsuspecting people.
Young turks at Goldman are some of the most obnoxious people you could ever meet.
This guy comes from the world of Sen. Romney, who squeezed companies dry and left them with huge debt and Sen. Scott of Florida whose company fleeced Medicare of over a billion dollars and missed wearing pinstripes by the skin of his bald head.
MG
Father of The Inovio Scam Expose
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MiamiGent

08/21/23 10:53 PM

#174954 RE: MiamiGent #174838

I can certainly understand folks being turned off by my "cut to the chase" comment (see link) because this candidate is intelligent, articulate, imaginative and refreshing. I was warmed up to him too! My comment was shocking and seemed out of context to what we've seen.
But when i saw his work history, it was an instant "NO" for me. I know more about his field than most. I contributed significantly to exposing a bio fraudster who is now awaiting trial for stock fraud. I hounded him publicly for twelve years (Avtar Dhillon).
I leave this and my two posts just earlier tonight to give my feelings on people who accumulate $630 million bouncing between promoting failed bios, hedge funds and how to work Medicare.

Good night, all!

MG