Dec. 23 at 3:17 PM
$ADUR Aduro reminds me of
$LOOP . I ran across Loop Industries maybe seven years ago. LOOP has a process which appears to be more sophisticated than Aduro's, but like all of these plastic decomposition companies, the process appeared to be completely economical.
With Loop, you could go through the math and see how unlikely it was to succeed. I shook my head for years at the ridiculous overvaluation until that stock finally started dropping in 2022.
Investors love the plastic recycling story and will keep throwing money for years. Investors could protect themselves simply by asking the company to first prove out the economics. Investors failed to do so with LOOP and they're failing to do so with ADUR (...and PCT....and Agilyx...and Vadxx...etc..., etc...)
