Had same result with LCT. Announcement made early Nov 2017 that the science didn't work.
SP went from 19c to 3c. Immediately. 6 months later it was 2c. Today its .038c 16 months later. Because results are looking up again. Had 18Grand in it. Averaged down. Doubled my shares to half the price. But still no where near the 14c I bought in at. Now worth 4G. Still holding and averaged down and still hoping. I want my money back ! and if it does work one day, it will be very good. Cure for Parkinsons Disease.
I also had same experience with another now that I can't even remember ! A bio matrix for skin repair. It was rejected by BSI. The chairman and CEO resigned/sacked. New board. Company changed its name. Rebranded its product. Consolidated the shares and started again.
Its still going. In a very different form. I had 10G in it and lost 8 of it. After the consolidation and further declines it resulted in me holding an unmarketable parcel and they sold the shares for me. Saw 500 bucks in my trading account one day.
Biotechs are a risky business
You all know that now.
Learn your lessons and be careful not to listen too closely to the cheer squads. Be objective. In all probability, they haven't suffered some big losses yet. Or they are just chasing the dream like so many in the spec space.
I am. still. CYP bumped me badly last week. Great stock. But still in it. CYP now getting screwed by a big player who is not signing up as promised after all promised delivered ! Going to bluff management and probably wait until they can take it over for song.
The stock market is a black beast praying on dreamers.
Be careful.
OSL Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
