Yes Midkine and CDY retail products may be great and be a good steady income stream........but at this stage (and historically) they are not going to result in the company significantly increasing in value (yes, at this stage).......Maria and the board made an educated move into a new area in a bid to capitalise on an opportunity. Unfortunately for the company (but fortunately for the Australian public) the opportunity didn’t eventuate as it has in other countries (yet).
If CDY had sold $10 of tests would SH’s be complaning?
....doubt it.
it’s like a spec you mining company drilling a hole looking for minerals. They use their knowledge to pick a spot and then sink the drill......just because they drill it doesn't mean they will strike gold!
The only reputation damage done in my opinion is a story by a shirty AFR journo......if he is your judge and jury maybe you should rethink your position.
IMO
CDY Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
(20min delay)