MCRB_BULL
Oct 21, 9:40 AM
$MCRB $XBI $IBB
$XBI up 3.65% while MCRB drops 3.72% yesterday? Basically red every day with NO meaningful bounce since Sept 3.🤦♂️
Rate-hike fears and the biotech bloodbath are contributing, but ~
$23M market cap, BELOW CASH, no debt, and runway through at least March 2027? We shouldn't be THIS low when the pipeline could be worth multiples of today's valuation.
Look at
$SLN's chart from Sept 3 through its buyout. Nearly 50% bleeding, eerily similar price action. Not saying the situations are identical, but a collapsing chart doesn't mean the underlying assets lack strategic value.👀
Could prolonged negotiations be keeping a lid on the share price? A potential acquirer may benefit from weakness. Pure speculation, but worth considering.
The pipeline didn't suddenly become worthless. At ~
$23M, this valuation is difficult to reconcile with the potential asset value.
The longer this stays pinned down, the more I wonder what happens when that pressure finally releases. Could get WILD🚀
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