@AfroSnowman, and in the same theme, those of us who have been here a while remember how the great excitement about Lenire and then FX-322 melted into crushing disappointment. The message boards leading up to those collapses were filled with a constant buzz of manically optimistic comments and projections. In retrospect, it was clear that Lenire was based on shaky science and, with some slick marketing, shifted from being presented as a tinnitus reduction treatment to a habituation device. FX-322, also surrounded by heavy marketing hype, failed in its phase 2b clinical trial, which, to many of us, felt like a pump-and-dump stock market scheme. That combination really put the whole community on its heels. I know I was truly crushed by the FX-322 failure, and I will always be more protective of my emotions when looking at the next possible treatment.
I've lived through much the same experience. Not with Lenire—I did the TRT thing, and in a strange way it did help. That's tinnitus. Who knows? Pepper and salt might help one in a million, but not the other 999,999. Still, because of noise, aging, or both, it made a comeback.
I became a member shortly before discovering and joining this message board. I was completely taken by the prospect of Frequency's research and proposed cure. I was even going to invest in their shares, but I've always been frightened of finance. I've never owned a share in my life, so I postponed and prevaricated. I recall the enthusiasm we felt while awaiting the Phase 2 results. The share price had climbed from $15 to $55, and then this German bloke posted that he was smart enough to get out while the going was good—and he was right.
The abuse that the poor man received for being a "low-down whatever"… he was only being open and honest. Looking back, I can see it was comedy gold, reality surpassing fiction. At the time, though, I was shocked that calculating fund managers could so blatantly misuse the trust of suffering patients who had set their hearts, souls, and savings on escaping tinnitus hell. Hollywood should adapt it into a movie.
Humor is cruel, but if you can muster the strength to see the comical side, even though it isn't easy, that's when you know you're starting to mend.
The entire concept: a research firm that does not yet have a market-ready product issuing shares, paying staff in stock options, and operating on belief, hope, or prayer that future sales will happen? Now that's what I call leverage.
It's got to be a once-in-a-century event. Touch wood, as they say.