I was a shareholder of PIQ from around 25c. I jumped out for a tidy profit after the Jansen Validation due to:
Rapid rise in share price (the stock reached a SP level too high for it's risk profile based on the below IMO).
PromarkerD flopping in all jurisdictions it has launched in - no reason provided by Richard - just radio silence.
No licencing deal with Jansen following the supposedly good result (I was lead to beleive that folloiwng this validation, PIQ would start selling in US).
New "validations" keep coming out randomly. How many times does it need to be validated?
Lack of business plan - it seems they are just aimlessly ticking some boxes here and there, but how these boxes link, or how many more boxes need to be ticked? Anyones guess since PIQ don't tell you - do they not know themselves?
No idication on timelines for cash flow from PromarkerD.
As i've always said, happy to buy back in at a premium price so long as some simple questions are answered. Until then, this SP is simply too high for my risk appetite given the many unknowns. If the SP was lower, the unknowns and risks may be at a level worth a punt for me.
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