Originally posted by leverage
Not at all
@Dentie...my frustrations are aimed at those that perpetuate known untruths and i am not talking difference of opinions.
You must remember that the market is a pack of wolves that use forums like these to validate manipulated prices...at times. The Market is not the company and will move very much against the companies progress to create the trading range necessary for future pumps. The set up is primed for a run next year. Now where is
@pilsner when you need a bit of time prediction.
but lets not start there.
The reverse split was created for two reasons, firstly to give the SP some credibility for the raising "Pitch" to those with the necessary cash and that is not the retail mugs like us ( er...me i mean ). Secondly Insto's and Sophs are very wary of speccy's with too many share on issue and the raising was never going to fly with circa 1.4B shares on offer. The fact they got that kind of money at all is partly due to the credibility the Dennis Eck bought to the table and the US positioning. We were very lucky indeed imo.
Now that the stock is is in the 30-50c trading range (excuse my license) there is always the propensity for the stock to be "moved" around with the casting of doubt by the ever present "dipsticks".. ( I'm feeling bad now using such terrible language). Social media as I am sure your aware is the present day form of the front bar whisper on bond street. Throw in the legal outcome and no real knowledge of current sales outcomes and some punters who want out following the raise and you have the recipe for a price trickle down. Notice though that there has been no real volume and hence no need for concern imo.
So if you have conviction that the company is doing all the right things in so far as advancing the business then this is clearly a buying opportunity. If you don't believe the company will outperform, as outlined in the broker report, then you should not be relying on "Hotcopper hope" and get the hell out of it. personally I have done just that as I am fully on board with what the report says. other factors are Dennis Eck's lead, Maria's salary sacrifice and the fact WHP have chipped in a few $M give you a bit of clue what is happening behind the scenes. Don't forget a little patience either.
Some known truths for you.
Since September 13 , more than 6% of the Company's shares have been unloaded( no real volume according to you ) and the price has fallen from 39.5c to 30c, that is 24%, a "price trickle", according to you. Market truths prevail.
Now some thoughts from me.
Certainly great buying opportunity for you and the others in the Buy/Held Brigade, that is if they still have any lazy cash lying around after their Cellmid "investment" experience and feel like risking more. Stay patient don't forget. I think you will be rewarded in the 2020s once the Company acquires more products, gets rid of MK, has recovered from the Ikon debacle, and naturally stays out of the Courts.
Just my opinion of course.That is why will continue to hold, and hope in time to upgrade my sentiment.
