re: sbp long term trade Hi all ,
I was in SBP a few years ago, like lots of others thinking this was a miracle cure . Didn't realise the length of time involved in proving these drugs. I got out at a loss but my sale price was twice the price of today!
The problem with these shares is they need new investors to keep the price up. And with so many holders sitting on a loss waiting to get out, there is not much chance of a large rally for the next year or two until they get to the end of trials.
So if you don't want to tie your money up I wouldn't get into them.
I know of one holder who has 500,000 shares @ 5c from day 1 ,he could have sold them @ over 20c a few times but is waiting for the big day,a true believer.
I hope this helps anyone thinking of buying,but how can I preach I held Paladin for 3 years.
Good luck PD
SBP
solbec pharmaceuticals limited
