Agree with you Mr. Wayne. The internet and social media culture have created the culture of enabling faster gratification. Long are the days of patient investors sitting on their investments long term. Added to that, the technological change of bots and quick buys n sells for small percent gain at low costs are also eating into the fray with some posters voicing frustration on slow turn around. I get the negativity, but posting company falsities doesn't make it right.
PTX has garnered interested parties to the table, they have developed the technology and they have the right people behind them. The problem isn't the company: it's the slow macro environment of the medical industry and regulation, developing socioeconomics crises worldwide, the Christmas new year and Chinese New Year break period (almost 5-6 weeks when combined) As an Aussie, but also CEO in a group of companies that dwarf PTX...this long dull period of business inactivity applies to and also impacts the timelines of my business. There is also the sense that it's a new year so there should be new news (so to speak). Given PTX are not updating at this period, is perhaps something out of the ordinary, esp since SYC presented often last year. BUT...it doesn't mean dire straits. ASX reporting is as tough as ever, and companies cannot report for the sake of it.
I don't post often as I work long days, but I read everyday. My advice is don't be vocally negative when a share price is low and positive when it is high. Keeping emotions intact is part of the game when investing. The market works in cycles and trends for any number of reasons. There are a lot of people involved in the PTX story and many are working their bums off for a good outcome.
I am a long term believer in PTX, not because I believe in the presentations, but because I see how internationally centric businesses operate and cooperate at this level. I understand the time frames and constraints well enough to survive and prosper. Be patient! And it you are not patient...reach out to management directly and discuss it.
