In retrospect, all the warning signs were there for at least 1-2 years as detailed in my earlier posts.
Message 3215082
Message 3107874
Message 3136811
Lidakol is completely ineffective. It is the same as placebo. Period.
Through statistical manipulation and clever, deceptive language, they made Lidakol seem promising. They were very good at it - only those with a skeptical mind and training in biosciences and statistics could see through the deception. I urged investors to cut losses and get out. I predicted that the FDA would not approve the drug and that the stock would then slowly slip to zero.
I believe that a lawsuit is potentially justifiable based on the company's long history of deception. But as I pointed out a year ago, there will be nothing to sue for. Maybe AVNR can raise a few bucks by selling off office furniture...
One last gasp of deception. The company says they are only one trial away from approval. Yeah, right. If a huge 100,000 patient multicenter trial showed that Lidakol was extremely efficacious, they would get FDA approval. It ain't going to happen.
I took a lot of heat for being negative on this stock - at times I was the only negative voice. That's okay, that's the purpose of this forum. Let's all learn from this. Blind faith can be dangerous. If someone offers objective, factual analysis, we should listen carefully and be willing to suspend our faith. It may not be a bad idea to read through my posts above, as well as other messages I posted around that time in which I pick Lidak to pieces. Don't make this a total loss. Try and learn from it. If you have trouble understanding the statistical points, my best advice is to not invest in biotech stocks. Better luck to all in future investments. This one's over. |
