Hi Doug,
It’s a pretty impressive (and not an unrealistic) goal for performance shares at $5. I was really impressed by CC’s history, work ethic & massive determination doing DD before investing here. At the time, there were hold ups with COVID, partnerships, out of CDX control, a lot of complaining & some not nice things said on this board (not LTH).
BUT since then, every short term goal has been ticked off & successful, plus some very experienced & dynamic members added to the CDX team.
We have just gone through HELL on wheels in biotech investments with SP (some more vulnerable than others due to ASX 200), but really across the board on the ASX.
That can certainly mess with investors heads if you let it. Massive SP manipulation on another stock I hold & grandly shorted, a lot of random trolls plus some Media don’t help (and get things wrong). Some others co-invested here, so they will know what I’m talking about.
Reading a Fund’s (Merchant Fund) letter to their investor group in recent times, this period recently had been the worst in ~20 years of investing in biotechs. Now that really tells you something when the Fundamentals haven’t changed in what you are invested in, & great ANNs not much response by the market also. They continue to hold also. Hedge Funds buying Biotechs.
Blame it on the Ukraine war with Russia, interest rate rises, Shorting stocks, COVID-19 whatever, but it’s bargain basement SP prices for us Retail Mum & Dad investors, little fish, as well if you look at it as an opportunity like the ‘whales’, huge majestic creatures who inhale & exhale massive volumes with little effort.
Dark pools, cross trades, our time will come on lesser known biotechs, or ones who are not the ‘flavour of the day, week, month’ & suddenly it kicks off. ‘Use it or lose it’ attitude is probably a good one to have.
Then chaos hits when it starts getting pumped by the unknown & we need to ‘hold our nerve’. $5 a good target to start. Thanks
@Istari.
CDX a ‘Lifestyle company’? No Way!! No back-slapping here, there are bigger plans.
CC already has that kind of lifestyle & obviously cares very much about progressing this Company & very well connected in the USA. He’s highly goal driven. I have learnt a lot in the past 2.7 years during COVID-19. Resilience is just one of those things. And you need that, it pays off.
