I suppose I still think Ross is fundamentally honest and I keep hoping he won't stuff up again. But I really don't think he has a strong hand to play any longer. And to sell I'd have to sell at a loss.
For quite some time I've thought a takeover offer would almost inevitably get me back in the green - but there is little chance that Ross can get value in a takeover in my opinion. No bargaining power - the shareholders should have removed him. But in my opinion people like Sector ran interference on that.
The business model has completely changed - probably several times.
A couple of times Ross has caught me by surprise with what I considered to be bad news announcements. This is a second time - i don't think they need to be raising now unless they are considering doing some spending (like on GvHD) that I don't reckon they are ready to responsibly do. And I was also surprised by the Fujifilm pulling out of GvHD.
Another aspect is I'm still researching the industry and the field (I feel like I know the business) and I wouldn't want to switch from here to other stocks like Ex1 that is just about dead or MSB that I think is likely to get a knock back right now.
I actually keep hoping Ross will either make smarter plays or his team will - but I suppose there is denial in that and that is on me. I probably shouldn't have bought biotech shares as I don't stay detached enough and biotech is a pretty terrible industry to analyse - too many variables.
The tech is hard enough to analyse - compared to say iron ore or lithium - then you have regulators and government policies that can be all over the place.
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $37.94M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 21.0¢ | $423 | 2.016K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 41003 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 10656 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 41003 | 0.205 |
3 | 20000 | 0.200 |
1 | 40000 | 0.195 |
3 | 21690 | 0.190 |
1 | 135135 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 10656 | 1 |
0.220 | 72000 | 2 |
0.235 | 24281 | 1 |
0.240 | 21613 | 2 |
0.250 | 478 | 1 |
Last trade - 12.11pm 27/09/2024 (20 minute delay) ? |
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