a very large # of us here have a basis of 20 cents and under...that group is also made up of individuals who understand the general difficulties associated with biotech startups. We dont find the companys cash position today as remarkable given where they are and expect that to END rather quickly on the completion of their IND. We do find it remarkable that new posters are showing up here to post OLD BOILERPLATE and disparage the company with the apparent AGENDA of knocking the price down. Imagine if some real estate speculator...looking to get cheap property in YOUR neighborhood...Pulled in your driveway and got a sign out of his car proclaiming your neighborhood was built on a nuclear waste dump...and thereafter STOOD in YOUR yard and waved the sign at traffic on your street. How would you feel about that individual? What would you do? Well if you lived in one of those states that have a "stand your ground law" you might go to your closet and get your GUN and then SHOOT the SON of a BITCH. There may be those here who consider their STOCK property worth defending in the same manner they would defend their real estate. Other here may have the computer skill to find you in REAL LIFE ...it really isnt that difficult.
Most small biotech companies just starting out have very little cash. For example take a look at PCYC when it was trading below $1 a few years ago. Cash was a big problem. Not so anymore. How many bio companies just starting out that you know of that have more than sufficient cash to fund their trials? Not many. I can't think of one.
all speculation
Most investing, especially in small biotech companies, is speculating. I don't think anyone said differently on this board.
and you have poor people who bought in at over 40 cents some as high as .79 cents last week
A little less than 2 weeks ago the stock was trading in the lower .20's. On Friday it closed at .42 which is about a 100% gain. Not a bad return, eh? Most people on this board are in at levels lower than .40's. Many traders came in over the last week and profited on the way up and the way down. Welcome to the world of investing. SBFM is still up. A retrace was expected.
tell it the way it is and tell these people to sell before they loose their shirts !!
The way it is according to you must be correct, eh? It's interesting that you would come here to bash a penny stock. A company that is working on a cancer drug to treat patients with breast and lung cancer. Yes, i hope they fail too. It would be awful to patients with cancer if this company succeeds.
Not at all Reading and coping with AGENDA posters is old hat for me. Since you are new or claim to be I will give you some help You can click on my handle and study me...you will find I am a IHUB grandfather...some one who has been here SINCE THE BEGINING I never take anything said on any board personally
I think I did exactly that in my post that you responded to... you chose not to discuss the fact that HERCEPTIN which addresses 25% of breast cancer has sales of $5 billion and allows us to estimate sales of SBFMs product designed to help the other 75% at $15 billion/yr. Instead you concocted a Vailed personal attack on me claiming I have a nerve problem in the form of an apology. People here a SMART and understand your AGENDA