Bell Potter Daily Pack 16 April 2020, page-34

Hello peeps, I've just recently begun trawling the MSB threads on HC after having spent some time over the last few days reading up & researching the company, it's value (share price) and it's prospects. I feel grateful for the chance to enter MSB at the current price, just a culmination of things happening mostly unrelated to MSB.

It's been a roller-coaster ride for holders & I feel for you, gotta say that the biotech sector *generally* is a bit of a pig for share holders throughout the pre-earnings stage because the pathway to market is like crossing the Simpson Desert on foot & companies simply can't avoid burning cash at every turn. The big disadvantage in this sector is that unlike mining explorers, they can't sink a drill hole into 5% copper (or whatever) & release the news for a quick 50% boost in share price and then promptly going into TH for a raise every time they need capital.

The coverage by Bell Potter is interesting. I've never rated them, but they have been long term lead-brokers for one of my pet stocks in MP1. That stock was a bit up & down for quite a while & I considered bailing at times. Bell Potter led raisings at sub $2 and putting my hand in my pocket for a flailing stock was a hard call to make after I had entered higher; then another raising at $4... and currently one priced at $9.50. Without coming across all preachy - I'm trying to encourage you LT holders staring at red ink to simply ask yourself if you still believe in your original investment thesis, and if you are still a believer, keep your chin up & ask yourself how you might benefit the most from the current toilet-worthy share price on MSB.

Personally, I'm nervous about macro market conditions but I'm looking to enter MSB - hoping for sub $2 tomorrow & I'll take a slice. I would like to initially pick up a decent parcel but I'm not sure how much fresh capital I can justify throwing at anything right now so I'll likely be quite conservative initially.

GLTAH, looking fwd to reading more threads.