Just a point about US investors about 10 years ago PBT was doing a ph2 with their Alzheimer’s Drug, Everyone was getting excited the readout was about 2 months out. It ran from .10 to .15 with all the excitement!
They were second listed in the US. A couple of Yanks picked up on it . The usual US overnight turnover was generally negligible, Well it took off, Every afternoon PBT closed on the ASX at the previous Nasdaq price.
It ran to $1.40 ish. Totally pushed from the US. The trial was a disaster and it dropped to .25. Should have went to zero but daytraders punted it for months. A bizarre thing they like to do after failed Biotech trials.
When the results from Our trials confirm we are the only company in the known universe able to eliminate solid tumors watch this explode.
Media Thread, page-13416
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