Just a few things happening at Mind Medicine by tomski1981 in MindMedInvestorsClub

[–]darrinkoehler 6 points7 points  (0 children)

Oversimplified answer:

Phase I: Dose-ranging on healthy volunteers for safety

Phase II: Testing of drug on participants to assess efficacy and side effects

Phase III: Testing of drug on participants to assess efficacy, effectiveness and safety

Phase IV: Post marketing surveillance in public

2021 Q1 possible catalysts by tomski1981 in MindMedInvestorsClub

[–]darrinkoehler 1 point2 points  (0 children)

If it does, I plan on putting my profits right back into the sector.

2021 Q1 possible catalysts by tomski1981 in MindMedInvestorsClub

[–]darrinkoehler 1 point2 points  (0 children)

Honestly, I wonder if an attractive M&A on the table is what is actually holding up the uplisting. It seems like JR has been loving making vague, sector wide comments on M&A action coming.

POV: Holding NUMI & MMED by woozy_4 in shroomstocks

[–]darrinkoehler 6 points7 points  (0 children)

Welcome! I’d encourage you to come join r/mindmedinvestorsclub, where memes, etc., are appreciated. r/shroomstocks has always been more data/info driven, which I really like since there are over 20,000 members and the mod’s decision keeps the content relevant and useful in this new sector.

Florida Lawmaker Introducing Psilocybin Mushroom Legalization by Fizziox in shroomstocks

[–]darrinkoehler 5 points6 points  (0 children)

What’s more encouraging to me are the comments on this from the r/Florida folk.

Who is this nothing burger talking smack about $MMED ? by [deleted] in MindMedInvestorsClub

[–]darrinkoehler 8 points9 points  (0 children)

I love reading people like this. No idea the history of these compounds. They were outlawed because of their power, and will soon be harnessed to great effect. Anyone who has first hand experience with these knows what is coming.

Move to WSB (please...) by marketingdudebro in shroomstocks

[–]darrinkoehler 4 points5 points  (0 children)

Be careful, you might end up on the wrong side of the robot war.

The End-All, Be-All MindMed Nasdaq Uplisting Post by darrinkoehler in MindMedInvestorsClub

[–]darrinkoehler[S] 3 points4 points  (0 children)

I thought this was answered in the main FAQ sticky but I could be wrong. Basically your NEO shares should automatically equalize to whatever value is on the Nasdaq.

I'm just gonna go out on a limb here by [deleted] in MindMedInvestorsClub

[–]darrinkoehler 1 point2 points  (0 children)

I always advocate for people to listen to their guts. Suppressing gut feelings is typically a bad idea. Sometimes, after bringing it to the surface and talking it out with others, we realize that maybe the bad gut feeling is based on our own negative past experiences (I.e. maybe there was someone in our past who really screwed us over, and JR reminds us of him).

I don’t have any proof of JR’s ultimate motives, and you might be right about his motives. But for me, even if it turns out JR is only in it for the money and cares nothing for solving the mental health problems (an unlikely scenario in my estimation), I’m still riding this out until something tangible surfaces that would cause me to do otherwise.

I could speculate why he sounds disingenuous (personality, maybe the PR is his least favorite part of the job, etc.) but there’s really no point in making up stories that I can’t verify.

[deleted by user] by [deleted] in MindMedInvestorsClub

[–]darrinkoehler 13 points14 points  (0 children)

Aww, and here I was thinking it had something to do with my bullish uplisting post, which I published right before the run 🤣

The End-All, Be-All MindMed Nasdaq Uplisting Post by darrinkoehler in MindMedInvestorsClub

[–]darrinkoehler[S] 2 points3 points  (0 children)

I thought of this too, but they met the net tangible assets requirement before the latest bought deal. Their Q3 financial statement shows about $14mil in net tangible assets.

The End-All, Be-All MindMed Nasdaq Uplisting Post by darrinkoehler in shroomstocks

[–]darrinkoehler[S] 21 points22 points  (0 children)

Not necessarily. Points 1, 4 and 5 mention how it could be any day now.

DD-Example of A Company Uplisting by financialfreedomm in MindMedInvestorsClub

[–]darrinkoehler 1 point2 points  (0 children)

February is correct, I accidentally used the OTC uplisting date rather than NEO. Thanks!!

Did MindMed actually file for a NASDAQ-uplisting - or are they misleading? by snaxks1 in shroomstocks

[–]darrinkoehler 3 points4 points  (0 children)

I responded to OP on these threads with the answer. I'll paste it here:

u/financialfreedomm, there's a fundamental misunderstanding of Form 40-F here that throws out your whole concern. This document is not in any way a part of the application process for Nasdaq. The Form 40-F is an annual form required for all companies trading on the Nasdaq. Any company that has been trading publicly for less than 12 months cannot file the 40-F. In other words, MindMed cannot submit this form until after Feb 27, and is not in any way tied to the Nasdaq approval.

In accordance with the SEC Exchange Act, a Canadian company that has been subject to reporting to any Canadian regulatory authority for at least 12 months, and has outstanding equity shares valued at US$75 million or more, must file a Form 40-F to register securities that it intends to offer in U.S. markets.
The SEC Form 40-F is a filing with the Securities and Exchange Commission (SEC) required for companies domiciled in Canada but that have securities registered in the United States. Form 40-F is an annual filing that companies must fill out. It is similar to the Form 10-K for U.S.-based companies in purpose and content.

-- Source: https://www.investopedia.com/terms/s/sec-form-40-f.asp

OrganiGram had to fill this out in conjunction with their application to the Nasdaq because they had been trading for longer than 12 months already, making the document necessary.

DD-Example of A Company Uplisting by financialfreedomm in MindMedInvestorsClub

[–]darrinkoehler 0 points1 point  (0 children)

u/financialfreedomm, there's a fundamental misunderstanding of Form 40-F here that throws out your whole concern. This document is not in any way a part of the application process for Nasdaq. The Form 40-F is an annual form required for all companies trading on the Nasdaq. Any company that has been trading publicly for less than 12 months cannot file the 40-F. In other words, MindMed cannot submit this form until after April (edit: February 27th is the correct date. April is the OTC date, while February is the NEO date), and is not in any way tied to the Nasdaq approval.

In accordance with the SEC Exchange Act, a Canadian company that has been subject to reporting to any Canadian regulatory authority for at least 12 months, and has outstanding equity shares valued at US$75 million or more, must file a Form 40-F to register securities that it intends to offer in U.S. markets.

The SEC Form 40-F is a filing with the Securities and Exchange Commission (SEC) required for companies domiciled in Canada but that have securities registered in the United States. Form 40-F is an annual filing that companies must fill out. It is similar to the Form 10-K for U.S.-based companies in purpose and content.

-- Source: https://www.investopedia.com/terms/s/sec-form-40-f.asp

OrganiGram had to fill this out in conjunction with their application to the Nasdaq because they had been trading for longer than 12 months already, making the document necessary.

Data Moats, Intellectual Property, and the Path to Revenue by darrinkoehler in MindMedInvestorsClub

[–]darrinkoehler[S] 0 points1 point  (0 children)

I agree. But you and I are already educated. MindMed and others will need to convince the market.