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20-year-old investor who made $110 million on a meme stock is now pushing for change at psychedelics company MindMed

Por: MarketWatch Business October 29, 2022

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The group, FMC MM Holdings LLC, in late September, proposing measures to enhance value that include a greater focus on using capital to speed the development of drug candidates, while cutting costs to reduce annual cash burn. The group was irked by a recent dilutive equity offering that was priced at a 30% discount to the stock’s prior-day closing price. The move reduced FCM’s stake to 4.3% from 6.1% and sparked a steep selloff in the stock... + full article



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