All valid points SB But the clock has run down as has CHM Piggy Bank ... Time is the enemy of Strategy and Planning ,, Desperation becomes the standard. My opinion is there may well have been an interested Funding Partner , who may still be in the wings but the lengthy broadcast of this CR has crippled the SP and the Companys overall value by more than 50% now... all that Science ,Trialing and Progress was actually de-valued by Management.
The one item that stimulated Biotech is positive data ,, yes you are 100% correct "The Tech at CHM is Optimal" , not once has it shown to be anything other than remarkable.
But many investors like to put in the last dollar not the first and when you see a failing company (failing to gain any Value Traction for current SH investors) then many just move on to more stable fields... no point in throwing money into a bucket with a hole in it...
I averaged down but had to dig deep to accomplish ,,, I believe it was the right decision , the Science drove my investment , certainly not Management as I believe this stock should be considerably higher than it is and its not the Science that holds it back or taints its name ..NZT
CHM Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
(20min delay)