(Total Views: 969)
Posted On: 08/06/2022 1:15:15 AM
Post# of 153996
Chatter re: some PAST Adjusted Accounting changes
NOTHING has changed. For years, I don't think any investor in CYDY has been under the impression that CYDY was profitable or making money yet.
Like all pre-revenue Biotechs, it will lose money until approval and sales, or strong partnership and sales.
Its not like we're Apple or Amazon (YET).
Some PAST adjusted CYDY accounting change losses, whether a little more, or whether a little less, is totally IRRELEVANT to what is going on with CYDY. Has ZERO to do with share price or anything else.
It changes nothing with the company as things currently stand.
It is what is known in the trade as "a distinction with no difference".
Will some fools be triggered to sell over what at best is a non-event? Probably. That's when the smart money will be buying.
All is well in CYDY land.
NOTHING has changed. For years, I don't think any investor in CYDY has been under the impression that CYDY was profitable or making money yet.
Like all pre-revenue Biotechs, it will lose money until approval and sales, or strong partnership and sales.
Its not like we're Apple or Amazon (YET).
Some PAST adjusted CYDY accounting change losses, whether a little more, or whether a little less, is totally IRRELEVANT to what is going on with CYDY. Has ZERO to do with share price or anything else.
It changes nothing with the company as things currently stand.
It is what is known in the trade as "a distinction with no difference".
Will some fools be triggered to sell over what at best is a non-event? Probably. That's when the smart money will be buying.
All is well in CYDY land.
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