I think you are wrong on a few accounts. Those new Board members and investors do mean something important. I'm not sure where the stock is going but it does have underlying fundamentals that are derisking on a steady trajectory and the fact that everyone could have arbitraged the CR shares this whole time and STILL it is holding up and in fact buying volume has increased at the trading price end is a pretty good indicator there are people (with capital, not us tiny players) convinced there is something in this.
What is different to last CR: 1. Technology/productisation progress in accordance with a time frame outlined clearly at the last AGM - therefore there has been a slight derisking of the product 2. Very impressive Board members and new investors have come on board. You are VERY wrong about Dr Finger knowing more than the new investors etc - the new guys specialise in investments and commercialising technology. They know the people, products, pathway, financing options - they are what will transition this from proving a science, to a saleable asset (or an ongoing business!)
I am not trying to ramp - I am generally very sceptical however, I've been around a long time (I am a very slow learner!) and I would not be surprised at all to see some announcements relating to the commercial side of this business (not the technical side - we know that road map) come out soon! These Board members and new investors have been convinced to come on board by more than just the scant announcements we've all seen. They
DO know more than we do, they've come on board and the fact the SP has held up, and in fact its trending up now, is telling me that something is happening in the background and I think people in the know are accumulating. Personally - I had a sell for about 25% of my holdings (which isn't much I confess) at $0.029 and it was getting close to being hit, and I've yanked it today. My gut-feel (but based on what I am seeing and experience) is that there is something brewing. I hope I'm not wrong (even though I sold well more than my CR allotment at $0.032 during the CR period) and BD1 does steadily more up. I've still got cheeky buys in under $0.02 but I'd be happy not to see then execute!
No new facts or thoughts here (solly!) but >10M traded today, SP still inching up, effectively the company has direct/internal access to four more commercialisation experts - its feeling more upside than downside!
BD1 Price at posting:
2.8¢ Sentiment: None Disclosure: Held
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