I think this stock has meme potential. It's the only full Italian company traded on the Nasdaq and it has lost more than 85% in the last year. News are the company is on the verge of being delisted and it has recently switched its focus to defense from biotech causing even more worries among shareholders.
I just watched an interview of the founder Pierluigi Paracchi (unfortuntately it is in italian) that you can find it here: [https://www.youtube.com/watch?v=27WWyKd3tJk](https://www.youtube.com/watch?v=27WWyKd3tJk) and I found his vision to be inspiring; besides that there are a lot of influential italian people involved in the company through the Praexidia foundation that I think will greatly help the company in his switch to the defense business.
Here is an excerpt of an italian article on the matter translated in english with google:
"The Praexidia Foundation has acquired a stake in Genenta. The Praexidia Foundation, launched last September, is a private foundation that brings together leading figures from Italian government institutions, the defense industry, and the armed forces to support strategic alignment and long-term stability. The project's promoters are: Pierluigi Paracchi (president of the foundation); Giuseppe Orsi, former CEO of AgustaWestland and Leonardo, who will sit on the nominations committee with Gianni Letta, Undersecretary to the Presidency of the Council of Ministers in four governments. The board of directors includes: Alvise Biffi, president of Assolombarda; Giovanni Bozzetti, former advisor to the Ministry of Defense; and Luca Goretti and Leonardo Tricarico, both former Chiefs of Staff of the Air Force."
I am italian myself and I believe that the market is missing something so today, at the open of the market I will invest 30.000$ in Genenta shares, wish me good luck!
Mamma Mia! (Super Mario voice)
