Yesterday I had a hard think about PIQ, Richard & the markets in...

Yesterday I had a hard think about PIQ, Richard & the markets in general.
BIOTECHS have been absolutely smashed everywhere, there has been such a large sell off from all growth and unprofitable companies.
I look at IMU and it's huge sell off similar to another another Genomics company I am heavily invested in (NVTA) which is down over 90% from its highs (it's now trading at cash value).

I remember at the peak of the bull market, I could have liquidated all my positions, been mortgage free and put a decent amount to throw into a blue chip for passive income via dividends. But atlas, I fell into the trap that most of us do..."it may go higher".

I think the macro environment is looking worse day by day and as I reflect on PIQ and the failure of Richard to materialise revenue, I grow more and more disappointed with how things are looking. Yes bringing a test such as this to market and generating hundreds of millions of dollars is no easy feat, and rightfully so it should be, due diligence needs to be done and patient best interests should always come before profits.

BUT.. I would like to see more transparency from Richard, the constant opaqueness of statements such as 'negotiations are in advanced discussions' has been said for now 2 years, FDA submission now overdue by nearly a year and now more fluff around ISO qualifications when earlier ASX releases stated that manufacturing workflows were ready to go for mass production. Not a peep out of Italy despite prior wording stating 'first sales imminent', Israel delayed registration now pending on TGA? why? UK silent now as well.

Now don't get me wrong, I love the pipeline and clearly the IP has huge intrinsic value and this is why I remain invested.
However, I have recently reduced my position by 50% as the constant delays and lack of transparency has made me a bit cautious now.