Personally, I would prefer the company focuses its efforts on commercialisation. If and when successful, the SP will take care of itself.
Lets be clear - a declining SP due to inpatient holders selling is not a reflection of the company’s position or strength in the market. In addition to this, you can bet your soap that there are many institutions and opportunistic traders who are more than happy to take advantage of this declining SP to turn a quick buck - most of these have no idea about the company, they just see the chart. This only works for so long though - If (and I believe this is a when) the company starts generating revenue, the mood will change along with the SP.
I for one are happy to ride the storm, and I will be rewarded for this with a significant reduction in capital gains tax when the time comes for me to take some off the table.
DYOR.
2021 BRN Discussion, page-25707
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $451.3M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 21.5¢ | $2.863M | 12.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 136498 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 444756 | 13 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BRN (ASX) Chart |