My feeling is we will have successful products released to market in 4 to 5 years! I've bought on that belief. I will buy more shares if the price continues to retrace and we get more positive data. I am comfortable with my investment size and I wont need to sell to access the money invested hence im in a position to ride out the downward trend. If we get negative news saying R327 is useless I will reassess.
It is still a very speculative buy but im very disappointed that we got such a large drop in share price on no negative news, unless you call getting fresh capital for further trials in...... Now algo stepping the price down on light volumes is interesting. there are 0% of RCE shorted currently. My only conclusion I can draw is they wish to accumulate a large holding for a takeover (which would be almost impossible as insiders hold such a large percentage) or they wish to be a substantial holder but at a much lower entry point
The question for every potential or current Recce shareholder is: If Recce infectives work then what is a fair value? even getting just one product to market (spray on for burns or H. Pylori could be worth Billions. throw in sepsis and you have early retirement!
The upside is to great for me to walk away. have a great weekend people
RCE Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
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