I’ve held PAR for about 10 years, buying at between 28c and $3, with an AEP of 80c or so. My total investment was around $50k.
I’ve written this off completely and nowadays hardly even bother to check the SP or read the threads.
I have no doubts at all about the efficacy of the product as both my wife and I have gained considerable symptomatic relief from OA, but as a company and as an ‘investment’ PAR imo falls somewhere between a lemon and a dog.
In my view we’re heading slowly and painfully straight down the gurgler.
Announcements such as these mean nothing at all really and like previous ones serve only to provide a bit of hope and sustenance to the remaining true believers (of which I’m no longer one).
What we have here imo is a company with a great product but with an average-at-best management team, a corporate governance model that falls short of best practice, and some fairly shaky IP.
I don’t believe in the prospect of a deal with ‘Big Pharma’ being just around the corner - if there was a deal to be done then imo it would have been done already.
Much more likely imo is more and more of the same thing; the company burning through its cash reserves while management draw big salaries, until we need yet another CR priced even lower than the last one.
At some point I think we’ll be delisted and whatever value remains will probably be picked up by some cashed up individuals ready to take a punt for a few cents on the dollar.
I’m fortunate enough to be fairly secure financially so the loss is more annoying for me than consequential, but others are in a very different position and to them I extend my sympathy. I only wish I’d got out when the SP was $4, as I don’t think we’ll ever see that again.
These are my personal thoughts and opinions only - don’t take them as any sort of advice, and GLTAH as always.
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $103.1M |
Open | High | Low | Value | Volume |
28.5¢ | 29.5¢ | 28.5¢ | $79.93K | 274.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12951 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 23984 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12951 | 0.290 |
2 | 101320 | 0.285 |
4 | 66071 | 0.280 |
2 | 95130 | 0.275 |
8 | 103599 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 23984 | 3 |
0.305 | 52600 | 2 |
0.310 | 22870 | 4 |
0.320 | 127570 | 5 |
0.325 | 3435 | 3 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
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