I suppose I still think Ross is fundamentally honest and I keep hoping he won't stuff up again. But I really don't think he has a strong hand to play any longer. And to sell I'd have to sell at a loss.
For quite some time I've thought a takeover offer would almost inevitably get me back in the green - but there is little chance that Ross can get value in a takeover in my opinion. No bargaining power - the shareholders should have removed him. But in my opinion people like Sector ran interference on that.
The business model has completely changed - probably several times.
A couple of times Ross has caught me by surprise with what I considered to be bad news announcements. This is a second time - i don't think they need to be raising now unless they are considering doing some spending (like on GvHD) that I don't reckon they are ready to responsibly do. And I was also surprised by the Fujifilm pulling out of GvHD.
Another aspect is I'm still researching the industry and the field (I feel like I know the business) and I wouldn't want to switch from here to other stocks like Ex1 that is just about dead or MSB that I think is likely to get a knock back right now.
I actually keep hoping Ross will either make smarter plays or his team will - but I suppose there is denial in that and that is on me. I probably shouldn't have bought biotech shares as I don't stay detached enough and biotech is a pretty terrible industry to analyse - too many variables.
The tech is hard enough to analyse - compared to say iron ore or lithium - then you have regulators and government policies that can be all over the place.
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $52.99M |
Open | High | Low | Value | Volume |
28.0¢ | 29.5¢ | 27.5¢ | $29.94K | 106.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 10159 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1492 | 0.270 |
1 | 77000 | 0.260 |
2 | 9125 | 0.245 |
3 | 125942 | 0.240 |
2 | 50000 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 10159 | 1 |
0.310 | 16591 | 3 |
0.325 | 15000 | 1 |
0.340 | 100000 | 1 |
0.345 | 6124 | 1 |
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