Nov. 22 at 4:31 PM
$ALZN In doing my DD on this company, two criticisms rise to the top. First was their opening day MC of
$1.5B which was overvalued considering where they were on the scientific side. Was that the workings of Todd, IDK?? They only received
$14M, as a result, but had a MC of
$1.15B. Just 3 months later they had lost 75% of that evaluation before they had even started P1 for AL001. Second they have a history of overpromising and underdelivering on a timely basis. Latest example, data for P2 was due in Dec, now Q1. Markets don't like delays. I'm not surprised because once I saw an interview where CEO Stephan and he was completely unaware of the stock price. As far as execution of clinical trials and getting good results, he has been spot on. So that reason, I'm riding this one out. Maybe karma will prevail in the end, now that Todd has sold over 900K of his shares.