MSB 1.01% $1.00 mesoblast limited

IRENE KRISTAL, I, Plaintiff, v. MESOBLAST LIMITED, SILVIU ITESCU, and JOSH MUNTNER, Defendants., page-30

  1. 1,216 Posts.
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    Irene Kristal brought 250 ADRs at $18.76 on 29/9/2020, so at current prices made a $1662 loss. First questions the defence lawyers should ask is did you seek financial advice? Why did you buy at such a high price? Do you understand what the company does? Which announcements did you consult to make your investment decision? Did you invest in the company specifically for GvHD approval or did you consider other products in they have in the pipeline? Did you read through the FDA briefing documents before making your investment.

    My view is this company and it's products are so complex that the plaintiff Irene Kristal and co 1) are not experienced investors and 2) don't even understand what the company does. It seems they did not even do their own research. Do they even know what a null hypothesis is? It seems they just gambled on the stock market and lost big.



 
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