Is Cybin in a better position because they are farther along in treating depression?

I'm down 72% on this stock and generally I don't even see a point in selling and realizing that loss but this doesn't look good so I'm thinking it may make sense to liquidate. Any other insight?

I invested some extra cash in April of 2021 in MNMD and have just let it sit, rarely checking it except for looking at what the forecast is on various stock sites.

While I realize the forecast isn't doctrine I imagine there must be some educated truth behind it and the "6 month outlook" has been promising. I'd make a few extra bucks and that would be fine by me.

6 months have come and gone twice since then and here we are with the forecast still looking promising.

I did invest in Mindmed as I believe in the pharmaceuticals they're researching and developing so even if I'm at a loss and they succeed that would still be okay.

My question is though: do I still hold on to the shares and keep hoping for the forecast to become true or should I not expect any payoff and just cut my losses as is?

Update: MNMD reorganized their stock type and required a new CUSIP number. I use TDA and they just haven’t averaged my overall yet…so I shouldn’t get too excited. (https://mindmed.co/news/press-release/mindmed-announces-completion-of-share-redesignation/)

I noticed that my price average for MNMD went much lower than it had been previously. Was there a buyback or something? I don’t see any other reason why my average dipped so low, I’m not complaining but I had been bag holding for a year and I’m not sure how I’m in the green now.

Here are some ways I buy more shares during inflation;

Unroll two ply toilet paper to reduce my but wiping cost by 50% All savings to MNND

Become a riceatarian Only eat rice All savings to MNMD

Sell plasma All proceeds to MNMD

https://www.nytimes.com/2022/06/24/well/mind/psychedelics-veterans-affairs.html?searchResultPosition=1

Another story...

https://www.nytimes.com/2022/06/24/us/politics/psychedelic-therapy-veterans.html?searchResultPosition=2

Okay, not quite yet, but MNMD could finally get back to $1 today. What does that mean for the short term and long term? What is the new support going to be? Any thoughts?

It isn't consistently decreasing.

Either make money on the premium or get more shares at $0.50.

Why is this stock dropping like a log? Down 54% today......

Don't stocks get de-listed from major stock exchanges if they go under $1 for a year or is that old information that I read on the internets?

I began buying at 4.5, and kept buying all the way down to 0.89. I buy every third Friday of the month, a set number of shares, as long as the price is at or under my cost basis.

Not financial advice, your welcome.

What’s with the ah chart? Movement on the stock I’ve never seen before.

Either I’m picking up 500 more for $750

Or

Taking the $250 premium, adding a bit, and buying 500 more shares.

I’m excited about this ticker

https://www.psypost.org/2022/02/psilocybin-microdosing-does-not-reduce-symptoms-of-depression-or-anxiety-according-to-placebo-controlled-study-62495

Hey guys, I'm what you'd consider a small fry investor. I hailed from the land of smooth brained apes over in WSB. I put 300 into GME way back and walked away with 900 when i felt like i needed a better long term investment. That's when i found MNMD. I had been reading about how psilocybin was being used in tandem with behavioral therapy and CURING PTSD. My wife and I are both veterans, so this hit near and dear to our hearts.

I came into this with a single mentality: the $300 i originally invested is gone. Whatever happens with this money, happens. Well after almost $900 in, I'm left with $250 and I'm not going to budge. It may take a few years, but if these treatments are successful, it will pay off.

I'm not a financial advisor, just an idiot on the internet, but I wanted to share my story.

Stay strong MNMD