I keep hearing people say, “This doesn’t matter, wait until (x), then we’ll see…” Not to be pessimistic, but Cybin was the company I truly believed would stand out when I first started investing three years ago. Now, every time it seems like the stock might recover from a drop, it just falls even further. Before, $5 a share felt like a temporary low; now it seems to have become the new normal. Nothing seems to make it take off. I get that it's volatile market sentiment, and until those companies are rescheduled, these numbers might not mean as much as we think they do.
I want to stay optimistic, but when I compare it to its competitors, it feels like things are only getting worse, despite what is probably the biggest news of the year for the entire industry.