MBP metabolic pharmaceuticals limited

the best thing MBP got going for them is their bank...

  1. 1,033 Posts.
    the best thing MBP got going for them is their bank balance.

    revenues are years away. why would you hold this? imho better to sell and place mbp on your watchlist and it might be a different story in 18 months to 2 years if they make some progress with other drug trials.

    the obesity drug was being marketed as being fast track approved by the FDA at least 2 years ago. i couldnt believe how the whole thing dragged out. seen this kind of thing so often with the likes of VCR, the funny thing is that IF these biotech/tech stocks actually get their products to market the sp often gives a perfect chance to enter at that time. PXS announced success with phase 3 of their product when the sp was still under $1, likewise SLX announced success with their laser uranium enrichment sub $1, VCR finally putting ventra assist into peoples chests and the sp is around a quarter of the price it was during its all time highs when it was a long way from becoming commercial.

    hype is an amazing thing.
 
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