BNO 5.26% 20.0¢ bionomics limited

Hi Jack, I agree that the pharmacology may be described as...

  1. 707 Posts.
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    Hi Jack, I agree that the pharmacology may be described as interesting, but the trials on BNC 210 to date seem to me to have essentially been designed so that they don't fail - so as to keep the story going about the multi billion dollar potential markets etc - which is necessary to gain the interest of investors in order to raise yet more money to undertake yet more trials while the CEO pockets $650k a year for the privilege.

    So far the trials have emphasised "no bad side effects" which I could achieve with sugar cubes. The real issue is demonstrating meaningful efficacy. Perhaps that has to wait for some mug to stump up the funds for a phase III trial. Either way, the recent share price weakness is perverse as we approach a supposedly MAJOR clinical trial readout when the punters and speculators generally willing to gamble on a positive outcome are placing their bets.

    The share price weakness tells me that a meaningful number of bulls are getting cold feet and the punters and speculators are not all that excited by the prospects for a clear positive clinical readout.

    It's just one opinion and its my interpretation of the share price weakness at this juncture. Perhaps I am wrong and the results will be outstanding and the stock will get a significant re-rate. I have been let down by this company before, so am a tad jaded and less willing to believe the hype.

    Good luck........
 
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