Hi , im looking for advice to make sure my friends and family dont hate me. I dont know a lot about stocks but i do know money can rip friends and family apart.
They are all investing in relmada therapeutics
They are investing in it because i was brought into a medical trial for asarina pharma out of sweden over a year ago.
The medicine changed my life and saved me , but the company was going bankrupt. And was bought by the us company relmada..
When this happened there stocks were tanking at .30ish cents and my friends and family was worried that my medicine would get lost in a financial crisis type thing… like the company could shut down that bought it… and my medical trials wouldnt continue..
So They all thought buying stocks in it would help and they also thought they would make a lot of money because they knew my medicine clearly worked.
Since then the stock has gone up a ton in a short time. And its constantly discussed at family dinners because it always goes up…
But this week its going way way down (i think because all medical stocks are going down) because of trumps new medical plan thingy
I read thru the plan, and it seems to be based on medical companies competing against each other…
The pill they make for me has no competing pill.
Its called sepranolone , it practically cured my severe hormonal epilepsy . It took me from 40 seizures a day to 5 max a week after a week of taking it , and by week 3 i had no seizures at all..
and im in the next trial for it as well thats almost finished with its fda paperwork. Its supposed to start in less then 60 days
They just diluted the stock to help pay for my starting medical trial and others on a larger scale
The tourettes trial is huge and i have many friends in it that i met from when we were in the starting phases in sweden… all of them had amazing results as well. So the medicine itself i know is not the problem or reason its going down..
I dont know if the price went down because it was diluted or trump or what. But it going down and down is scaring me
They have all made a ton of money since getting in around 30cents but today its at $3.8 after falling from around $5
Should i tell them all its time to take there money and run?
I dont want everyone to hate me because they lose there money.
I havnt invested anything in it.. i dont know much about stocks at all to do so…
Could someone please help me understand it better?
Iv spent days anxious and afraid of talking to my family while it goes down
Also when i wrote this i thought it posted over the weekend, i saved it as a draft… its going up slightly now and thats giving me some hope.. but id still like some input and advice from more stock savvy people