Whilst the wait for ethics and first patient is frustrating, investing in small caps can often be this way.
On another graphite stock i hold, it had all its environmental permits approved but under appeal it went to Supreme court for review. 99% of cases of appeal are thrown out fairly quickly. Well 13 months later it finally had its day in court and the case was thrown out. In that time the Share Price went from near $2 down to lows of $0.35. It was a true test of patience and frustration.
The good thing with Race is that our upcoming trials have potential multiple shots on goal;
- Multiple geographic locations for the trials
- Multiple cancer types being tested as part of the all comers trial
- Multiple eyes on the trials and results
The bureaucracy hurdles in small cap investing are frustrating but as per the above example when the dam wall breaks and things are approved, things can change rapidly. Lets hope the hospitals boards can get the green for go stamp out asap and pass onto Dr Les Goh who is ready and waiting in the clinic!
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