MUST READ Great new post from clambottler : clamb
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clambottler
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It is so simple but few seem to get it. These are the best odds you will ever get.
How to go bankrupt in a biotech stock. Buy it when they are in phase I testing, they will spend billions and 5 years to get to phase III. Buy it when they are in phase II testing, now its time for a reverse split after the tons of dilution you suffered during phase I and II. Buy it in Phase III, now it is slowly climbing toward results and approval, but 80 % or more fail and it still takes a year or three or five.
CYDY skipped all of that in Covid. Get it. Safety = done and paid for. Manufacturing = already set up. Education = learned from processing HIV trials. Dilution and reverse split = they have enough money to get through FDA results no need currently ( but after results pass or fail yes ) .
FDA = but what about the 80% fail rate ? FDA lowered the hurdle, let GILD pass with a whimper. GILD = Zero survival benefit, probably more harm than good if you consider liver damage; but got a pass.
FDA reduced the hurdle + given safety in HIV, NOW 50 % 50 % chance of approval.
EQUAL HOUSE ODDS = were made even better by Patterson.
Patterson put the pass odds to 70 % 30 % in the pass category. FDA and the World inclusive of India Mexico and their entire regions are absolutely desperate for anything that may help because most do not have ventilators, don't have the staff, and can't afford them even if available.
I have been saying this all along, as has NP.... You are more than 4/5 way home. THEY ARE NOT DOING A FINANCING BEFORE RESULTS --- that means you are not suffering a reverse split right now and being diluted to hell before the results are in THEY HAVE SAFETY, THEY HAVE MANUFACTURING, THE TEST IS DONE
In the biotech world of investing, this is by far the best you will ever do in terms of odds in your favor. And that is why I invested in large part, I doubled down with Mexico and then with Patterson.
ALL YOU HAVE TO DO IS WAIT 3 WEEKS - to know, not 5 years. AND WHAT
I value it as follows: GILD was given at least a 10 Billion increase in valuation with REMD approval for Covid
10 Billion would be 5 x current market cap ( CYDY market cap 2 billion ) .