Jul. 8 at 6:18 AM
$FBIO $CKPT $DERM $MBIO
Bear case is easy, but it's related to capital markets and not medical data or company assets.
The company is solid, but they have left a trail of nasty with the institutional investors for the benefit of the book runners *someone call Marc Cohodes and ask him about B. Riley*
One simple check on their balance sheet will reveal an approximate 3/4 billion in paid in capital... and only scraps to show for it (so far).
Also note the CKPT sale was Not a success to anyone who participated in the March 2018 public offering of 4.6m shares at
$4.35 per share.
https://finance.yahoo.com/news/hedge-funds-never-bullish-fortress-122842690.html
Opaleye was one of the names who previously held a significant position, but has since largely cashed out according to 13F filings.
I am bullish on the company, and the high insider confidence, but watch out because this sector is ruthless to main street.