Midkine and COVID 19, page-42

@Jlt8 Apart from being patronising with your comments, how can you make the claim I'm a "smart individual"? Have we met?

In reply....if you have read my posts, you will note I "invested" into CDY for the midkine opportunity. I have always believed that is where the real opportunity lay. I had been "invested" for some years prior to the IKON debacle and have been involved in business long enough to know that most business leaders make stupid/naive/uneducated decisions at some point of their career. Here's a quick example...https://www.stuff.co.nz/business/68841770/pacific-edge-to-pay-500000-compensation-after-breaching-disclosure-rules. I had been invested in PEB since about 2007 but didn't sell out because of that - because I always believed in their CxBladder offering (which involves Midkine). I continued to hold their shares and have since sold for a nice gain.

At no time in CDY have I been "throwing good money after bad". I was prepared to retain my "investment" in the hope they somehow manage to stumble their way into capitalising on the Midkine opportunity. Only time will tell whether that will materialise but I take comfort from the fact that Maria is not the CEO. Hopefully Bart Wuurman will show her how it should be done.

Unlike yourself - I am NEVER prepared to "lose it all" when I "invest". But if I were to crystalise my losses at the first sign of trouble - I would be at least $400k - $500k worse off than what I am now. Any CDY loss now would only be a fraction of that.

When I first "invested" into CDY, I did so with my eyes open and treated the company like a typical biotech startup. On that basis, the initial boxes were ticked. Unfortunately, due to much repeated reasons, I have since downgraded my CDY "investment" into what can now only be described as a "speculative gamble". Given I now treat it on the same level as a casino bet - if it goes, it goes. The only comfort I can take from that is Maria's, Dennis's and many others' capital will go as well!! The best bit of comfort though is that at least my business reputation will still be intact!!

Thanks for your interest mate, but don't worry about me - I'll be fine.