PHIO: @ Evercore ISI HealthCONx Conference

Per Bloomberg, Opko Health owns all of 811 shares of this company Phio.

What's perhaps more interesting is that Evercore is hosting a company like Phio, which has less than 6 million shares outstanding (1/100th or so that of Opko), and a market cap of.......hold your breath.....$12.5 million (about the size of 2 or 3 McDonald's stores). Stock is down from $13.60 to $2.17. But Evercore gave them an invite. I've discussed Evercore here. But don't pay attention to me; here's some recent info about the firm:

Evercore ISI Recognized as the Top Ranked Independent Firm in U.S. Equity Research
NEW YORK, October 21, 2020 – For the seventh consecutive year, Evercore ISI was recognized as the top ranked independent research franchise in Institutional Investor’s All-America Equity Research survey. Evercore ISI held its weighted #2 rank among all firms for analysts, a measure that applies the greatest weight to the highest ranked individuals in each category.
Ed Hyman, Evercore ISI’s founder and Chairman, was awarded the #1 position in Economics, a recognition he has earned 40 times. David Raso, who covers Machinery, Engineering and Construction, was ranked #1 for the 20th time. In addition, Umer Raffat, Evercore ISI’s Pharmaceuticals and Large-Cap Biotech analyst, was named to II’s Hall of Fame having received ten #1 positions over the years. In all, Evercore ISI claimed a Firm record 39 individual positions and 36 team positions.
The 2020 All-America Research Team reflects the opinions of 3,667 investment professionals from almost 1,500 asset management firms and institutions, according to the magazine.

Now, Evercore hosted our beloved Opko early during the pandemic. Then ghosted us. But pre-embryonic Phio gets an invite to a heavyweight conference. Maybe Bagger needs to enlighten Evercore as to the virtues of "the good doctor."

Well then we should have 303 shares of good ol' PHIO. But somehow we're blessed with 811 shares. Worth $1784.20, at PHIO's current price. The original 50 million shares we received at the time were worth $7.14 million.

So, the Buffet of Biotech, as Opko's steward, received  an asset worth (probably for a day or two) worth $7.14 million. And 7 years later we gots a buck three eighty. But you know, he's an investment genius.