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The fact that they are dumping stock just means that they think the company is overvalued, which I think any sane individual that is looking at the market will
by pvarangot 6y ago
The fact that they are dumping stock just means that they think the company is overvalued, which I think any sane individual that is looking at the market will infer. They want to sell on the upside.
It doesn't mean that it's a scam. The vaccine may work, they may be profitable, and they may have developed tech and processes that can be used to create other mRNA vaccines on a fast timeline even without all the world aligning to help them. It may also be that the amount of growth priced into the current stock price is just unrealistic even if all of this is true.
- scottlocklin 6y agoYeah sure man: if I finally made a product that worked, that I bet the future of my failing company on, and it is actually a product which every human on earth needs to take, possibly many times: first thing I'm gonna do is lower my S&P500 correlation risk. That totally makes sense. Not. People have been calling them the new Theranos for years for not publishing anything, and basically having zero useful products. They just got a half billion in bridge funding from the government on top of the 2-3 billion they've lost over their history. These are scammers taking the money and running.