...I'm also buying at these insane silly levels ....but but but I'm not buying for a trade (I have no idea when this thing will reverse, it will one day, in my personal opinion)...maybe I'm nutty but the little parcels I'm buying on dips, I hold for min 3 years...prob more if I can! Its v hard earned money....Hello, I am 9 to 5 full time...no silver spoons here...
False! This was never Mozz!
But yes of course, I still have an eye open...
PR is a smart operator, he will not just give this up easily, he will not let his own co, as a founder, go easily the drain...fall off the track Yes there are deadlines, there are events in and out of control of PAR (mostly out btw) ..at the end of the day we want milestones ticked...we want expansion of the investment/potential revenue base...but I agree with most of you, we want this in a timely fashion. I also have to say that for something TRULY GREAT...something the WORLD HAS NOT SEEN and DO NOT HAVE ANY CLUE ABOUT...it will take some time.
Ohhhh yeah will it take some time...its already been some time...we have more to go....if you want us to triple in 4 months...well this isn't for you, go now. But if you have the capacity to wait...even a small amt at risk....I reckon it's one of the singles best bets I have ever seen...and trust me....I love investing and I've been doing it since I was in grade 3! As an example, every newsagency/bookstore I pass in Europe on a family holiday I look for financial mags/newspaper just to test how astute the pop. is.
How do I stay patient with PAR not only holding but literally a collapsing share price?...Hey, if you are new, I've been, like a few here, with the co since IPO...when was that? Last year? 4 years ago? Nah - Aug 2015! But I am nothing...I know a guy who got in at Mez level before me but that's not the impressive part...the impressive part is that he invested tens of thousands of dollars back then. Gee, back then what did we know? We had Hay Fever...we had OA but we didn't have a stack of data for ourselves, we certainly didn't have RRS...CHIKV, FpEF and certainly NO DMOAD....what was the faith level back then?
He doesn't call me....I call him...he doesn't call me much...
Like hardly ever. He sits patiently....he is older than me...but he sits...and he waits....
Now just because he waits and has a lot invested does this mean we will be successful?
Oh no.
I stay patient for some very good reasons......
What gives me confidence is:
1) The sheer and raw science 1 2) The independent patients I have PHYSICALLY talked to and met (not just emailed...not just impressive stories in a book or a mag or on the internet....but in the flesh 3) What I have heard Paul tell me....at the AGMs....what the staff say... 4) I have talked to many doc's...some even famous...some leaders in the medical field...the KOL's...their reaction is raw and blew ME away...every time.
Yes I agree with a few of the naysayers banging their saucepans...Mozz...we need more than just great data...we need more than a few patients saying they got pain relief... We need Good governance...we need great staff...we need super leadership...we need LONG term holders that believe. I reckon we have this...I reckon that on the corp side we will soon see some super changes for the better (ut I agree it will take a little more time)...and I reckon we have great staff already very dedicated and aligned to our cause.
Yes we can still get it wrong...but I haven't seen such an 'asymmetric' bet like this....risk to reward in then extreme (Dyor, risks still exist).
There is so much in this product that we don't know..and I believe it is positive. It can pivot in an instant...(I have been saying this for a while) ..but each milestone passed leads us to better chance of success.
MPS data will come out soon in my view....forget the SP action for a sec...look at the data when its out and lets see what GAGS do and as FriendsandCo says, let's look at the younger age stratum..we see positivity here...we just know we are on the right track.
Then let's wait for FDA and EMA feedback.... Judge then.
Not advice.
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Footnote
1)
A Mozz story:
Mate, I just visited CERN in Switzerland. I had a suspicion and knew a little about what it was, I convinced the fam. that this needed to be a stop on the way to the French Alps. Luckily they agreed and we spent an hour and a half exploring the discovery centre. For those that don't know ...CERN is a particle accelerator built years ago...at a then cost of $4Billion....yearly cost to maintain? $1.7 Billion Euro.
But the impressive part....23 countries involved....the 'track' is some 100 metres below the ground (that's 30 stories!!!)...circumference? No not like 20 metres...not 2 km...but 27 kms!!! They have magnets that are used to 'guide' the particles....how many? If you would've asked me before my visit, I would've said prob 200....they have 17,000 of them ! They keep things cool...-271 c Mate..this thing is nutty...
Mozz, love your science...really I do...but why am I reading this in a PAR post!! Because dear reader my point is that we need a sh*te load of patience..CERN took decades to make, they are constantly refining, its a costly project....its not for the overnighter....I have RESET my goals..I wanted PAR to have revenue 3 years ago...but I understand that it takes time..I want us not to be the number one drug in the world..I want it to be number one all time drug in the world...better than Aspirin...bigger selling than Humira....it is not impossible that we could be that drug...not 100% chance sure...but a good chance?
Am I mad?
Am I greedy?
Am I a hermit?
No....I believe I am realistic.
Talk to my friends on HC-PAR that have had it..ask them about their experience. It doesn't work for ALL...but 88% is up there (Sorry Anchor Man, I meant 82%). What stories I have heard...the Golfer that had an 8 year hiatus...the paraplegic that could play disabled basketball once more....the footballer that held on to walls in his own house that could play with is kids once more and coach footy...real stories, not made up...
Cern is a Huge project..PAR's iPPS could very well one day be up there with the best long term projects and providing huge benefit to so many...and you know what?
(20min delay)