I am reposting my original post that was removed because I did not post pictures to prove my bet. So here are screenshots of two of my purchases, you heathens.
Now here's my original post:
Allow me to place my dunce cap on the table for a second and talk about SRRK.
1. Apitegromab, through all phases of trials, has shown to be incredibly effective at reducing muscle loss resulting from drugs that cause weight loss. Phase 3 of the trial showed less than 2% of participants experiencing negative side effects. If approved to be prescribed alongside GLP-1s, this would address the largest drawback for GLP-1 patients. This makes them a prime acquisition candidate for Novo Nordisk, as there is an obvious symbiotic relationship between their products and the two companies have already partnered together on the Catalent Indiana manufacturing facility.
2. SRRK resubmitted it's BLA to the FDA on March 31st for Apitegromab, updated and backed now by 3 very successful phases of trials.
3. This week Medicare approved of GLP-1 coverage for people 65+ for the associated health benefits. Elderly individuals are at a higher risk of significantly increased muscle loss from these drugs. I believe down the line this will expedite FDA approval of Apitegromab as a side-effect mitigator for GLP-1s.
I think good news on any of these fronts would lead to explosive growth. Regardless, I feel the long-term potential is being greatly overlooked.
This being said, the icing on the cake, is the lottery ticket that it comes with. And that is the possibility of (don't crucify me here) a short squeeze. There is currently a shorted position approximately 17.2% of the available public float with 16.2 days to cover. I'd never invest based on a squeeze prospect but it is an exciting little added bonus. To be clear and rule-abiding, you absolutely SHOULD NOT purchase shares with the expectation that there will be a short squeeze. The numbered reasons above are why I think this is a very strong buy (despite how much I hate the company's stupid name). The cake doesn't need icing, it's already great.
Alright, there's my rant. I will now put my dunce cap back on. I won't brandish it again until it is gold-plated and encrusted with diamonds. In the meantime, feel free to roast me relentlessly.
Yours Truly,
Beef Stewart