Jul. 31 at 1:30 PM
$GNPX o those who are incessantly posting that this is a scam:
No, this is not a scam. This is how trial stage biotech work. It is a decade plus of costly research, well into multiple billions of dollars, typically financed solely by investors. Let's say a trial stage bio goes public with 100 million shares at
$10, that initial billion (less costs to go public) is perhaps good for a couple of years. After that comes dilution. As the stock is diluted, its goes down. Eventually as the stock loses exchange compliance, it must reverse split. And the vicious cycle starts once again.
Does this mean trial stage biotech should never be invested in? No. The mistake that many make is to invest in them long term. There is not a single early to mid stage trial stage bio that you can make $ by investing early and sitting on your investments. The only way to make money is to short term trade the technicals and news, upon which spikes typically last days to a few weeks max.
Invest wisely.
