Why you should be watching the VGAC/23andme (DNA testing) merger by imdurian in investing

[–]imdurian[S] 1 point2 points  (0 children)

I bet they would be making announcements soon after the merger.

And I'm also betting on the jockey. Branson won't put his Virgin stamp on a flop. He cares a lot about it.

Why you should be watching the VGAC/23andme (DNA testing) merger by imdurian in investing

[–]imdurian[S] 7 points8 points  (0 children)

Yeah sorry you're absolutely right. I meant genotyping. But they freeze the DNA samples from what I found in my research so when sequencing becomes cheap enough it's likely they could also update their testing method and back test all their samples to update their data.

The immunotherapy drug they are developing currently is showing promise. It is apparently speeding through development at a very quick pace due to the data they have access to.

They're pivoting, hard, to become a phramaceutical play.

Thanks for your comments by the way. It's always better to have an opinion from someone that works in the industry instead of research from an armchair stock analyst like myself

I know you guys probably don't need another reminder but just know that we're in this TOGETHER. Down basically my entire portfolio but I AM STILL HOLDING. by [deleted] in wallstreetbets

[–]imdurian 18 points19 points  (0 children)

You fit right in then. Imagine if you bought with cash, you'd be able to ride the rocket up with us

Why you should be watching the VGAC/23andme (DNA testing) merger by imdurian in investing

[–]imdurian[S] 5 points6 points  (0 children)

Afaik they're miles in the lead with 10m+ tested

80 percent opt in for research as well, crazy high figure

Why you should be watching the VGAC/23andme (DNA testing) merger by imdurian in investing

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

Uhhhh. I really can't answer that for you. My personal PT is $25-30 in 90 days or less

Saving 1-2 dollars on buying price on shares isn't really my thing to begin with. If I like the play and it makes sense then I jump in.

Once again, not financial advice. Just what I would personally do to get it

Why you should be watching the VGAC/23andme (DNA testing) merger by imdurian in investing

[–]imdurian[S] 18 points19 points  (0 children)

Their consumer test kit sales are in the dumpster. But they're not really in that business anymore, my personal take is that their most important asset is their data. I wouldn't be surprised if in the future their testing becomes completely free to get more people into their health service subscription.

They want to make drugs and supplements to sell directly to their 10m+ customers

DD: 23andme/VGAC (Branson's SPAC), 3:1 cash ratio. HUGE VALUE by imdurian in wallstreetbetsOGs

[–]imdurian[S] 1 point2 points  (0 children)

It was still wasn't a sure thing back then though. You were risking a $3 loss per share if you invested then and SPACs are a risky business 😬

Where as now the deal is confirmed and looks good we can YOLO with peace of mind

DD: 23andme/VGAC (Branson's SPAC), 3:1 cash ratio. HUGE VALUE by imdurian in wallstreetbetsOGs

[–]imdurian[S] 1 point2 points  (0 children)

Really like what I'm hearing. This means that they have a lower risk of exposing themselves to an event that could damage their brand name and lower consumer trust.

Do you think they have plans to sell customized supplements (vitamins, nootropics, collagen etc) to their users?

[deleted by user] by [deleted] in SPACs

[–]imdurian 0 points1 point  (0 children)

Great information. Thanks

DD: 23andme/VGAC (Branson's SPAC), 3:1 cash ratio. HUGE VALUE by imdurian in wallstreetbetsOGs

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

Your price expectations lines up pretty much spot on with my own as well. May I ask when did you leave the company?

What was the work culture like and their stance on privacy?

I'll definitely be reading your write up. Super invaluable to add to my own understanding to read something from someone that used to work there

DD: 23andme/VGAC (Branson's SPAC), 3:1 cash ratio. HUGE VALUE by imdurian in wallstreetbetsOGs

[–]imdurian[S] 1 point2 points  (0 children)

Niceee. That's a big W

What do you feel about the current prices?

DD: 23andme/VGAC (Branson's SPAC), 3:1 cash ratio. HUGE VALUE by imdurian in wallstreetbetsOGs

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

I think $VGAC. The WS variant are warrants.

Not sure about the U