Mar. 27 at 6:54 AM
$MTVA = NeuroBo
$NRBO
They changed their name to MetaVia in an attempt to hide NeuroBo Pharmaceutical's horrible history:
In 2019, Korean company NeuroBo entered the U.S. Nasdaq market not through an initial public offering (IPO), but by acquiring a US based pharmaceutical firm on the brink of bankruptcy.
Over the past seven years, the stock price has plummeted 100% annually, effectively erasing its value seven times. Initially, NeuroBo had its own IPRs, but they all failed!
I’ve said it 100 times, but it bears repeating: MetaVia is now just an empty shell, a Puppet. It owns nothing (!), yet its Master, Dong-A ST, funds its own research, forcing MetaVia shareholders to pay for it through massive share dilution.
Stay away from these kinds of stocks!