Jun. 10 at 4:11 AM
THE UGLY TRUTH BEHIND
$MTVA
Dong-A ST (Korea) controls this entire operation:
— Sole IP owner/manufacturer
— CEO is their former General Counsel
—
$316M in milestones payable to Dong-A ST if anything succeeds
— Dong-A ST funds its R&D at zero risk. You fund it at 100% risk.
NeuroBo. MetaVia. Different name. Same pipeline. Same Ponzi.
→ Niklosamide. Buried.
→ NB-01. Buried.
→ NB-02. Buried.
→ Gemcabene. Buried.
→ Vanoglipel: FDA meeting promised H1 2026. June 30 deadline...
— 8 employees
— Going concern warning
— Cash gone Q4 2026
— Reverse split already approved (up to 1:22)
—
$148M accumulated deficit
— CEO collecting
$750K/year!
And those pre-market pumps hitting
$5.50 while U.S. investors sleep? Korean market hours. Every time...
If it fails: you lose everything.
If it succeeds: Dong-A ST collects
$316M and owns the IPs.
Big Pharma calls Seoul, not Cambridge.
This isn't a biotech. It's a Nasdaq-listed fundraising vehicle for a Korean conglomerate's R&D budget.