Large deal struck for Aussie cancer inhibitor drug program, page-15

A65 - I assume you are directing that at me.

I don't think PYC has had some sort of final epiphany if thats what I sounded like. I am just hoping one day we move on from rehashing and blaming the company for things they don't say anymore (blame me for rehashing). Our vote is with our money and once a year in AGM elections. I just get sick of reading here (and on many other of my spec stocks) that it is managements fault because 4 years ago they told me 'this' and then they later told me 'that'. PYC has always been a borderline commercial entity - it is a research lab with commercial aims and hopefully legal rights to something that can make a significant difference one day. This will be valued in a binary sense like a mining stock - one day all the value might sit there in the SP but all the time along that journey value was being added.

I have not made money yet - I was trying to point out that almost anyone who bought in the last 3 years (apart from 2 spikes in late 13 and early 15) were in the money if they had participated in rights issues - worth remembering the SP was about 1.5/1.6 when I said that. Those spikes were also an opportunity to take profit if you wanted to.

I agree there are many long suffering shareholders prior to this but I had those too - RRS was a favorite where at one stage I think I lost 90% of what I put in - I can't ever remember blaming management even though the business I started with was Uranium mining in Peru, became oil in Kazahstan and then Oil in Somalia and some other Australian thing with some USA ranch oil interests with it now being Oil in Trindad. Each time the company changed tack I reassessed whether I still wanted to be in it or not - 'I' made my decision. Companies just move on so we shouldn't get too wound up in it - if PYCs current direction isn't something people like then sell - there are plenty of apparent bargains out there to switch into! I bet some people feeling the same way in some of them end up coming across to PYC . . .

As Biotechexec pointed out - no one is going to buy PYC in the next while so the value will have to be in what the company is trying to do rather than my musings on HC. Until then lets just hold management accountable for their current strategy not hold then re-accountable for stuff they have already been held accountable for - and if you don't think they were held to account then only blame yourself cause you own the company - if all you have done is bitch on HC then a mirror is all that is required.

Oh yeah - remember to sell some of anything you own if it goes up! I didn't do this for the first decade and I got no where. Now I pay tax regularly.