For someone who's been around along time, you don't seem to have a grasp on reality with manipulated stocks, as you refer to "the market"
One could argue that the market is super skeptical about -L getting MAA approval.
The market players and institutions are very well aware this is being manipulated. As George Carlin once said... It's one big club, and we're not in it.
I still see a lot of soft bash in your words, Kab.
f the current market cap reflects a deeply risk-adjusted value of -l, I think direct is valued at 0 in the current price.
Just your choice of -! and 0 for the comparators, tells the whole story.
One could argue that the market is super skeptical about -L getting MAA approval. That is very likely to be true,
Another soft bash - it is not the market that is super-skeptical, but the MM that are super-manipulative.
but it doesn't prove to me that the market will instantly start giving fair value to -L immediately if and when it gets approved. I'm pretty sure this is not going to work that way.
Another soft bash - WHY NOT?? After approval, there will be a huge difference with that regulatory approval! Of course it won't go to a Trillion overnight! But it WILL go up very significantly from these super low manipulated prices, (plus a likely squeeze) to where the market should really be given the new credibility from the regulator of a huge anticipated stream of revenue - something similar to the market cap given to Kite Pharma after only a phase 2 trial.
but I'm sure it will remain quite undervalued because they don't have the credibility yet.
So what is an MAA approval - chopped liver??
Instead of living in the real world, these guys want to scream at anybody who expresses realistic opinions.