Aug. 21 at 6:23 AM
$CNTB New here, bought 5K shares in the last few days. The asymmetric potential is hard to comprehend, and I’m not sure how this company still flies under the radar. The downside seems limited by what we already have in China and the success of Phase 2, while the upside can only really be measured after the data readouts in September. I can imagine an easy 100% from here, maybe even 200% with a partnership for Phase 3.
Nevertheless, I have two red flags:
- The C-level seems against selling the company right after Phase 2 and wants to partner the assets instead. If that’s the case, this becomes a much longer game.
- At the end of the day, the company is Chinese, and my experience with Chinese companies is only negative. In too many cases, you end up dealing with absolute scammers. I simply don’t trust anything coming out of China, which is why I’m keeping my exposure limited.
