chiggah,
why do you believe that the company will succeed? what "facts" has the company shown you that it can succeed? i see some good points and bad of course. the bad points is the fact that the company promised shareholders that it will not do a reverse split and yet it went through one. the company has minimal revenue. the company is also still stuck in the grasp of dutchess and is in a financial nightmare. the good points to the company is the fact that its seeking financing through creative ways through the euronext and with a bond. its pipeline has gotten a lot better from previous years since it form the pharma.
one thing that i still question is richards leadership. there isn't a lot of information on how successful he was. richard has been with the company for several years now and things are now barely getting started. the timelines they provided seem great but are they realistic, thats my question.
i'm long in the company, but i still must continuously do my dd. btw, i just recently started investing in biotechs. i used to invest mostly in large caps and in infrastructure companys and financial companies. biotechs are hard to invest in but the payoffs are the biggest i believe. the 90s was tech, and i believe the next ones are biotechs. with a growing retirement poplulation, bio techs will play a great role in improving health and quality of life.