Since we haven’t seen Advent’s books since 2023, I don’t think it’s unreasonable to have expected maybe a hundred million in revenues with a half dozen good customers. And we know Cognate eventually sold for $900M. But if LP moved the business elsewhere before “gifting” it to NWBO shareholders, then all bets are off.
We have many on both sides being two faced on this issue. Bulls saying Advent was nothing but contract employees and now it is huge. While bears saying LP was going to rake 100's millions on this and now it is worthless.
This is a fair point and the outrage is a bit selective.
I would point out that many Bulls said that ‘Advent was nothing without NWBO.’
That is a bit more nuanced than the Bear position on Advent.