RCE recce pharmaceuticals ltd

Ann: Top 20 Shareholders Update, page-50

  1. 5,482 Posts.
    lightbulb Created with Sketch. 705
    It seems you dont really believe in the product and its potential? It looks like you traded purely on charts or hype? Either way that is your prerogative, I know I have done that a lot in the past. I must admit I have lost more than I have won relying on charts and hype over many MANY years sadly.

    This company "appears to have" a ground breaking alternative to anti biotics that appears to be able to kill hospital grade gram negative and gram positive bacteria, with no apparent development of resistance from multiple use.
    I know I go on a lot but I have been talking about them maybe raising cash for months, it was fairly apparent from 4c it would happen soon. If you are only trading charts then I know as well as anyone that comes as a huge shock when uptrend suddenly collapses unexpectedly.
    If you have faith in the company and/or believe their product is able to do what they claim then to me the cr was a stroke of genius. The price was looking shaky anyway at 1.60 and was only really there due to covid hype that will probably not result in any income. They raised cash at the highest possible price they could and the efficiency it was done with was also good I think. To my mind that is a sign of good management, not some conspiracy.

    I now have shares in a company with a huge bank balance around $30 million and still with less than 200 million shares on issue, about to start multiple trials. I guess it helps my average Is around 40c but even if it wasnt I'm still seeing easily $3+, most likely way higher.

    Last edited by andrewk65: 03/10/20
 
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Last
31.0¢
Change
0.010(3.33%)
Mkt cap ! $89.39M
Open High Low Value Volume
31.0¢ 32.0¢ 30.0¢ $25.76K 82.29K

Buyers (Bids)

No. Vol. Price($)
2 13550 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.0¢ 18938 1
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Last trade - 16.10pm 27/06/2025 (20 minute delay) ?
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