might even be less because the DEA and the states need to change schedule 1 laws after FDA approval of Comp360. 50% of the states have trigger laws, so when Psilocybin is federally changed 50% of the states change automatically. this process takes 90 days.

So for the actually launch of a psilocybin drug CMPS only has a 3 month head start. Cyb003 will be right beside them with better efficacy and a larger indication.

its not easy making 5x- 15x gains in under 5 years. Its hard, that is why 98% of people dont do it.

Another kick in the balls for us investors, but one day everything will be okay :) good luck everyone

In a recent transaction, executives at ATAI Life Sciences AG, a key player in the pharmaceutical preparations industry, have sold a significant number of shares in COMPASS Pathways plc (NASDAQ:CMPS). The sale, which took place on September 26, 2024, involved the disposal of 2,660,000 ordinary shares at a price of $6.05 each, resulting in a total value of approximately $16 million.

The transaction was carried out by ATAI Life Sciences AG, a wholly owned subsidiary of ATAI Life Sciences N.V. Following the sale, the ownership stake of ATAI Life Sciences AG in COMPASS Pathways plc has been adjusted to 6,905,774 shares. It is important to note that due to the ownership structure, ATAI Life Sciences N.V. may be considered to share beneficial ownership over the ordinary shares held by ATAI Life Sciences AG.

I’ve been watching shroom stocks for the past 3 years, and although this news is terrible for today, the future is bright for tomorrow. As someone who understands what compass is looking to do for the future of humanity. I’m putting so much faith in this company. I’ve now put into this company just right now, I won’t say how much. Just know to all holders in this company, keep your patience. Remember what everyone seen before and while investing. CMPS will make everyone’s future brighter, and I will continue to stand by that.

Just re-entered a position with compass. Unfortunately not at 4.20 but 4.68. How is everyone feeling amidst the recent news?

We all love what these molecules stand for, that can’t be denied and they help that they truly bring….

But let’s stop the denial, on another depressing sector day.

The only hope is complete buyouts of said companies from large players. And no another “DRUG” run won’t happen. It’s going to take someone buying the patents outright…

Until then…. They will exhaust all retail hence all time lows forcing selling pressure more, generating liquidity…

Very sad day lads….

https://ca.finance.yahoo.com/news/compass-pathways-announces-third-quarter-103000133.html

Current positions and recurring buys everyday until good news comes out.

I really love atai right now as it's only 1 dollar per share. All time lows but the company has a really sound business plan. This has a really good potential for a huge run like $drug this past month.

It's current market cap has a lot of potential for huge gains.

Obviously it's flirting with being traded for under a dollar and maybe deal with R/S or delisting. But as they say, no guts no glory.

Compass I also like only becusse atai has a huge stake in them as well as Compass phase 3 results should be coming out soon. They are the only psychedelic this far in phase 3. They are also scheduled for earnings on the 31st. (which will be milch, but hoping more info on milestones)

Current total invested is about 13k or so, but with my daily buys of $450 bucks, I hope to be around 20k or so invested when milestone announcement are made.

Massachusetts is voting on psychedelic soon as well. Not sure if it will help move the needle.

To all the holders out there, good luck! Hope to see you guys next year with huge gains, or at the very least an expensive learning experience lol. Cheers!

Speaker: Steve Levine (Compass Pathways)

https://m.youtube.com/watch?v=FowoojjRfd4

I have been invested in shroomstocks (ATAI, CMPS, MMND, CYBN) since the early days, mostly jumped in at ~IPO levels and DCA'd quite well over the past ~4 years.

Lately, I have had a nervous feeling about the future of this market when I keep noticing these stocks dropping lower and lower. It has been on my mind more frequently the past few months.

I am fully aware of the value infliction points within the coming 6-12 months that might give this market a boost, but that doesn't help me to get rid of these feelings.

My overall portfolio hasn't seen green in a while (~2 years) due to these holdings either.

Is anyone else relating to this? Looking for people to give me / us some motivation!

There's a poll where 74% says yes. I think that is a very positive sign that people are aware of the mental health benefits of psychedelics.

https://endpts.com/abbvie-makes-1-4b-acquisition-of-alzheimers-biotech/

Signup (free) to read.

This article may also be of interest while discussing Alzheimer’s and psychedelics.

https://www.sciencedirect.com/science/article/pii/S0924977X23001347

Currently at work in the UK listening to James O'B on LBC talking about Trump and during today's show I've been wondering: Do you think companies in the space are waiting until after the US election to drop any and all news?

Trump gets in and all current heads of institutions like the FDA get the boot to be replaced with his much more conservative friends. Companies have to hope and pray research doesn't get restricted even more than it is by the DEA. For example, DOI and other non-scheduled research chems get scheduled much more easily.

Harris gets in and R&D just carry on as normal and DEA gets much more pushback.

What do you think?

I don't know how these things work so don't shoot me down!!!!

This thread is for questions and general discussion relating to the psychedelics industry. The weekly thread will refresh every Monday morning before stock market open.

https://www.youtube.com/watch?v=YIkadQ8Ui70&ab_channel=NBCNews