PTX 0.00% 3.9¢ prescient therapeutics limited

Ann: Prescient Therapeutics Launches Share Purchase Plan, page-134

  1. 3,500 Posts.
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    I'm still undecided whether to buy into the SPP or wait to buy on market. Share price rose too fast prior to SPP to produce a VWAP of 17.5c and it looks like a head and shoulders pattern forming. There were some large sellers @ 17.5c recently.

    When this was Virax, I lost about $2k. I recovered this loss by trading around the last SPP in 2020. I invested the minimum in 2020 and this is now 3-4X. I have not traded PTX since and decided to hold long term my minimum SPP parcel. I intend to double my holdings each time around SPP time. If, there is an adverse event I will try to sell my first holding before it happens, hopefully.

    IMO, PTX is a much better company now and well managed by SYC. It is still risky and I don't know what the POS(probability of success) is at this stage. Oncology is a very difficult area and success may be many years away.
 
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