Morning NZT
In response see below mate. Wanted to check your theory yesterday so I line wiped 10c , Leaving the 10.5 as first position , 10c line was added to again with in 20 mins.
Someone wanted to sell? Someone wanting to suppress the price? I don't know everyone else's strategy, just mine.
Myself and another lifted a million from the sale side at the beginning of trade ,, Sellers still sold down to the buy line.HOLD, make me pay!!!!!!! Lifted 1M on the sell side, ok. Positive Data coupled with a concerted effort to publicise the information to INVESTORs by professionals required.. (700,000 investors on HC)
I would think positive dog results & a confirmed negotiation with a Vet Major would give a better uplift.
The high numbers on the sell side was, IMO, enough to put off any new investor - even though the science has not faltered and the only disappointment was the lack of Elanco taking up the first rights while: Real Progress needs to be demonstrated by the Company ,,, Many are monitoring PAA , I am averaging 90 to 120 notifications a day generated by the NZ Trader Covi Pantel thread (some are reading posts from the WEHI 1 and WEHI 2 stage of development) , i can tell many are not current holders or do not post on the thread. So plenty of fence sitters ,, so what's it going to stimulate them to invest and become SH,,, Progress, Positive Scientific Data that Investors can digest...
Great to know there is significant interest in PAA even if there is not so much happening around the SP. Don't assume that people watching this thread are not holders. There are many on here with small holdings and have genuine interest - maybe that is their available cash flow or enough risk exposure, regardless they are invested in a positive future of this company. And if fence sitting, maybe they are waiting for the moment when the news is stronger. Don't know but each to their own. do I believe that is coming? Yes that's why I have topped up....if the Leiden data replicates the first 3 trials and there is no investment to push the data to the investment market,,, then we cant expect any impact of PAA news on the wider market,,, this is compounded as some Biotechs and Baby Pharma are playing the paid promotion game extremely well and attracting investment...
Great to know you believe as it would be a bit silly to be here if you didn't - unless it is just a trader thing where you don't care but look for volatility rather than substance? As a trader you top up one day and sell the next - as per your comments above. Volatility is your friend. I buy and wait, but each to their own. Just like fence sitters - they too have their own decisions to make and that works for them. I see cash conservation pending a vet deal negotiation, this is what I suspect is happening - and this is what will move the dial. Depending on timing, covid organoid results (pos or neg) would also move the dial. Anyway, carry on via Hot Copper won't change the behaviour of this company.
Watched an Investment Promo video yesterday from a Biotech that IPO'd earlier this year 27 minutes long , graphics , strategy, timeline they already have an MC $190m, SP is up 50%,, why ? because they are attracting investors? thats just one example ,, my inbox is loaded with companies wanting to attract investors , which in turn creates demand and enable SH to lift their expectations when exiting parcels of shares..
I am less concerned as to what you watch or the volume in your in-tray each day. I get loads of stuff in my in-tray too but not Bio, more work related - but lots of emails.. I don't see a company actively wanting to discourage investment, rather a company trying to avoid a CR by conserving cash and driving hard to get the science done and so they can negotiate hard. This in turn will return value to SHs beyond what a pop up add on HC would do (IMO). If you feel the company is not acting in the best interest of the shareholders then you have avenues to report such behaviour. I think they are acting in my interest so I won't be doing that..
To be clear - I am not suggesting that I am particularly overjoyed at the SP and they could do better in announcement to give more detail in consumable language but it is not like they have changed their behaviour. This is their standard operating mode.
They did take onboard the need for vastly improved advertising for dogs in the trial. It is not like they don't listen - but they have our business to run and a roadmap/strategy to deliver. I am sure they get volumes of suggestions but act on but a select few. Seems like the suggestion for glossy promo's are not needed today as it seems they have opted to save the cash.
I have heard they are trying to put together a video in the next few weeks. If this happens it will be very interesting to watch.
Good luck all
just adreamer, not a clairvoyant
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