When the sp is not going how I would like it (in the short term), I look back over the company’s ASX announcements and social media post to help me put the short term sp into a long term perspective.
My key findings/ reminders:
- 4 PS announcements in just the past 4 weeks. All positive!
- Admission by the company that they have intentionally delayed short term marketing to big pharma due to the massive potential of the unexpected cadioprotecitve discovery.
- Chair/ CEO/ CSO are all major shareholders (circa 20% in total). And are (relatively) poorly paid for their RAC time and work. An extra year or two of RAC salary (measured in hundreds of thousands $) is nothing compared to putting their RAC shareholdings (measured in 10’s of millions $$$$$) at risk for a greater period of time, if that risk/time is not massively additionally rewarded.
My assessment:
- a little bit more patience (and sp volatility) in return for greater “outsized” commercial returns to shareholders.
- Some sh don’t like the longer time frames (for greater potential return) and hence validly selling out.
- Some long term holders may need to reduce their RAC holding in order to have the strength to carry it (a lighter RAC load) over a longer distance and withstand greater volatility. This is also a rational action for many.
My actions:
- I topped up this week (last on Friday).
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