RE: BioNTech acquisition17 Jan 2020 06:56
Morning all,
Yes, my comments were rather harsh. Perhaps the scenario I paint is as unlikely as the one crumbs paints is likely.
The point is, BioNTech acquired Neon for just 12% of its IPO price. Well done them! The other 88% of its value was the loss suffered by investors. Just goes to show what a high risk this sector is.
I accept that there is a lot of potential with all that is happening at Scancell but it wouldn’t be the first time a valuable asset hasn’t been mismanaged to worthlessness.
Well, it’s 6:55 now. Let’s hope in 5 minutes I’ll be eating my words. ATB.