I’ve held PAR for about 10 years, buying at between 28c and $3, with an AEP of 80c or so. My total investment was around $50k.
I’ve written this off completely and nowadays hardly even bother to check the SP or read the threads.
I have no doubts at all about the efficacy of the product as both my wife and I have gained considerable symptomatic relief from OA, but as a company and as an ‘investment’ PAR imo falls somewhere between a lemon and a dog.
In my view we’re heading slowly and painfully straight down the gurgler.
Announcements such as these mean nothing at all really and like previous ones serve only to provide a bit of hope and sustenance to the remaining true believers (of which I’m no longer one).
What we have here imo is a company with a great product but with an average-at-best management team, a corporate governance model that falls short of best practice, and some fairly shaky IP.
I don’t believe in the prospect of a deal with ‘Big Pharma’ being just around the corner - if there was a deal to be done then imo it would have been done already.
Much more likely imo is more and more of the same thing; the company burning through its cash reserves while management draw big salaries, until we need yet another CR priced even lower than the last one.
At some point I think we’ll be delisted and whatever value remains will probably be picked up by some cashed up individuals ready to take a punt for a few cents on the dollar.
I’m fortunate enough to be fairly secure financially so the loss is more annoying for me than consequential, but others are in a very different position and to them I extend my sympathy. I only wish I’d got out when the SP was $4, as I don’t think we’ll ever see that again.
These are my personal thoughts and opinions only - don’t take them as any sort of advice, and GLTAH as always.
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Mkt cap ! $85.7M |
Open | High | Low | Value | Volume |
23.0¢ | 24.5¢ | 23.0¢ | $116.0K | 491.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 50000 | 23.5¢ |
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Price($) | Vol. | No. |
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24.5¢ | 33682 | 3 |
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No. | Vol. | Price($) |
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1 | 50000 | 0.235 |
2 | 44021 | 0.230 |
1 | 100000 | 0.225 |
5 | 234973 | 0.220 |
4 | 96293 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 33682 | 3 |
0.250 | 59284 | 5 |
0.255 | 21666 | 2 |
0.260 | 41294 | 6 |
0.265 | 37500 | 2 |
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