Disclosure: I don't hold MSB shares, just an interested bystander
Hey Peeps,
Curious as to thoughts of the crazy drop to the share price of MSB today?
Have heard rumours of insider trading (unsure or unconfirmed) or are people are uncertain of the results to be presented to the FDA and ODAC at the end of this week?
Cheers
Likelihood is that the equity raise is required to fund the current phaseII/III study for COVID-19.
A study of 300 patients such as this would require a budget of approximately $100,000 per patient if "industry-funded"
Of note, 22% of phase III studies fail not because of ineffectiveness of the drug/treatment but due to lack of funding:
Thoughts on the equity raise? Hoping for humanity's sake (and my own as a shareholder) that their treatment works and helps people! My guess is they are fairly confident as I usually look at the discount for these things and 7% is nothing so think they are confident for the future. Does anyone else have any better way's of reading these than "gut feeling" that I'm currently using based on the discount?
You've inspired me StrongflatWite. I'm a believer and a holder for about 5 years , buying on falls but stopped doing so at about $3.00. They seem to be moving forward. They WILL have their day in the sun, and I will bask in the warmth of a long-term strong conviction.