Ceo resigned. Recalled all products. Shutdown operations. Can't hire good people. FDA is going to be up their ass for years to come. Lots of expensive consultants installing bureaucracy. Sounds like they may not survive. Lots of downside risk.
Your Uncle is wrong about the timing of any upswing. Wait to buy it at $1 and hold for a few years
you just invested in a company that recalled all of its products.
read that again and again until it sinks in.
Top 5 reasons to avoid ABRX:
1. they arent selling any product 2. they have recalled all of their prodcuts 3. their is considerable cost incurred with a recall. 4. multiply that by the number of products they have 5. see number 1 and 2.