re: coramsine/saxien/skint Hi Skint,I to try and look at the facts like you.SBP does have alot coming up maybe in the next 5-6 months.
But i can totally understand the frustration of shareholders as i am one of them.I think the company has progressed along way since mick ruanne was ejected,however as i have said before the share price has been a major under performer compared with the broader market.
There have been countless positive developments over the past 6-8 months,with extremely good signs from the phase one trial and not to forget that BEC actually boosts the immune system instead of killing it like other treatments available.Other positive developments of some very reputable people that have joined the board,with extensive medical backgrounds and recognition which is i am told essential.
Well,i to am waiting for some positive movement in the share price from all of the extremely positive progressions that SBP has made just in the last 6 months.
My return on my sbp investment is an absolute shocker if i look back over the last three years.Hey but thats what happens in the speculative end of the market.High risk for high return as they say.Thank god its money that i dont need any time soon.So it can sit there.
On a more positive note,i watch this stock every single day and just yesterday there was a solid buyer of 500,000 shares.It was pleasing to see.Agm coming up and traditionally the stock does rally prior agm.It will interesting to see if it happens this year again to quell some of the heat from p1ssed of shareholders.As a betting man if the share price is sitting at 13c at the agm there will be some mud slinging.
There has been alot of talk of a 30c share price over the last three years from people on the board.We are
sitting at approx 55 percent below those estimations over a three year period.That is what i call nothing short of poor judgement.
What it comes down to is the judgement of the people that run this company that at the end of the day work for the shareholders.The judgements,estimations and projections that have been given from the current management are nothing short of pathetic.
I will be the first to admit that i know absolutely nothing about medical research and management of a Biotech company.That is the reason why i am not on the board of directors.Thats why we have the people that we have,because they are the so called experts.
I would like to give the management another 12 months to get the company valuation to,at a minimun of double of what it is now.
If we are (shareholders)aproaching the agm of 2005 and the share price is not between 25-30c.PROVIDING THE TRIALS ARE SHOWING POSITIVE RESULTS,there should be someone held accountable.
I dont think that is an unfair call or judgement at all.4 years will be long enough.
I will continue to hold.
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