IBX 0.00% 3.8¢ imagion biosystems limited

Ann: Imagion Secures Growth Funding, page-8

  1. 766 Posts.
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    Some of us got greedy, myself included. An expensive lesson, in money and time.

    I bought at ~8c average. Not a small volume. Watched it rise to ~20c. A tidy paper capital gain.

    Then watched it fall to 2c. Hadn't sold a share since I was a true believer in the potential. Now a highly significant capital loss (on paper) with more to come given the glut today.

    Admittedly life was busy and the global craziness was more than a distraction. Fatally, I had faith in this management team. A team that has expanded quicker than the number of trial participants as they find new ways to spend money to no effect. So I never pulled the parachute to get out green or even with a mild loss, either of which would have been far better than riding it into the ground as we are currently doing.

    If I ever break even again I'll be out of this immediately. Though I doubt even that opportunity will present for a long time, if at all.

    GLTAH.
 
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