Replies to post #110314 on Biotech Values

[oldberkeley]

keep enough money on hand so that you can buy enough alcohol to dull your senses after the losses.

Vin- LOL. I've got the money but I believe that my senses are dull enough.

I've long gotten over GTCB. I've had other losers since then, of course, but also my share of winners. IMO that was a situation where everyone rightfully believed in the science but wrongfully believed in the management.

Not much to do now but wait and see what the prospectus looks like. I'll stick with my prediction that the rest of the week won't be pretty, but hopefully this is just a bump in the road.

Best of luck!

[kris_kade]

On a side note, it appears MNTA went offensive with their law suit which ostensibiliy helped prop up the PPS (which it did briefly) to ensure the offering can be made at higher price.

To be fair, CW did hint the possibility of financing FOB internally. From 3Q CC transcript:

We plan to expand and develop our follow-on biologics portfolio through collaborations as well as through our own investment. And I'm engaged in productive discussions with several companies, who are committed to applying our innovative technology to the FOB field.

NOw which one they see as more important...M118 or FOB..looks like the later.