I sold 6 months ago, held since then, seeing the constant de-risking of announcements. But this post isn't really about that. It's a culmination of concerns. I'll address that in the last part of my post.
I've received a fair bit of criticism in my own criticism of the company. It's worrying how criticism is jumped on so quickly by management, whether it is on HC, Twitter, Reddit. Why should people having their own opinion and selling be jumped on and attacked? Why not let them do what they want, management?
I remember in the RAC Charts & Price Action thread in times of heavy selling, you mentioned "I can see who's selling and I can say that I am very disappointed". It's extremely difficult to find that post in a haystack of thousands of posts but other users here that look at the HC regularly would remember and be able to back me up here. Other management may look at buy/sells daily, and I will say it to them too, that it is extremely concerning and unhealthy for management to be doing that in my opinion.
I don't like how the RAC Price Charts is littered with posts putting BG's selling under a microscope, or any selling under a microscope really. Obsessive, unhealthy for posters here too. Never seen that for a stock anywhere.
Dr T and SOME shareholders continuously shut down experienced professionals working in the oncology space that express concerns on Zantrene, they make a joke out of it and disrespect them entirely. It's true that they haven't done as much research into aspects as the shareholders that have money in it, (expected). But It's still concerning shutting them down, and there have been a few: https://www.reddit.com/r/ausstocks/comments/nhk9gh/race_oncology_excellent_video_to_break_down_the/Dr T is entathedragonhttps://www.reddit.com/r/Oncology/comments/mh74w2/interested_to_hear_your_thoughts_on_bisantrene_a/
The above discussion was mentioned in RAC HC, with Dr T putting down the oncologists/professors that posted above with very dismissive comments:
https://hotcopper.com.au/threads/rac-primer.5627186/page-6
Maybe 2 years is not long enough but I haven't seen such dismissive comments for any stock.
@Mason14 is the exception, supports every response to criticism with facts and generally respective tone, I have thoroughly appreciated all your effort. I've also done a fraction of the research myself into different articles and I can confirm that this stock is severely undervalued.
It's a shame but with different management I definitely would have continued buying in the $8's, $10's, $20's etc. I won't trash the stock on HC, I'll just now look for an exit opportunity, and I'm sure people here will take my selling personally.
Good luck, the scientists here are incredible and genuinely want to help people beat cancer and live longer, I support them 100% and hope this changes lives. With a change in management I would consider coming back but that looks extremely unlikely.
Regarding selling:
Your wording here: "Don't worry if you sold shares a couple months back"
https://hotcopper.com.au/threads/ann-race-oncology-share-purchase-plan-opens.6440603/page-101?post_id=57812636"If we end up massively oversubscribed we will end the SPP early. There is no point us waiting until the 17th of December just to have to scale everyone back"
https://hotcopper.com.au/threads/ann-race-oncology-share-purchase-plan-opens.6440603/page-227?post_id=57848115
. I'm in the same boat with the 50% $30k scale back, and think you're taking this unique opportunity, rarely offered to non-sophisticated investor, in a very spoilt nature. Didn't get what you wanted, and are now digging deep into the archives to try and justify why management is now not inline with your investing values... I don't take your selling personally. Nor do I think will anyone else here. Enjoy the rest of your travels mate
(20min delay)
