docj
3 months ago
Altitrade Partners:
The below post was from a few months ago. Has your thinking changed any as time has passed and we are at years end? I personally have one of my family members wondering if they should take a tax loss at this point on their CRXM position.
Altitrade Partners
Re: bentleyt post# 6166
Friday, September 06, 2024 9:40:40 AM
Post#
6167
of 6188
It depends on three things:
1. They can obtain funding for a Phase 3 clinical trial of GeneRx.
2. They get a favorable outcome and FDA approval of the drug.
3. They can attract a Big Pharma company to purchase the drug.
I doubt that this company's shares will ever trade again. Instead, CRXM will likely implement an exit strategy for its shareholders based on the above, where the shareholders receive a portion of the proceeds based on any sale of GeneRx.
As I have often said, shareholders should view this as an investment in a private company.
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." ~ Arthur Schopenhauer