Same here Pezz. I didn't have 30 million but a big 6 figure holding under 2 cents. Dumped it all during the Covid crash last year to get more ADN. I did some more research and found that a lot of the top world investors steer away from Biotech stocks due to them being one trick ponies, high failure rates or with long trial periods and just generally difficult for shareholders to understand.
That said Leslie Chong is an ace and in years to come 50 cents today might still look cheap. However I think they'll get gobbled up by an American pharma co before long if they have some breakthroughs with further research and trials. The bigger hope is that they will be able to treat some forms of cancer and increase life expectancy for people with those specific cancers.
I think Buffett and Munger say one of the first rules of LT investing is to buy and hold for a minimum of 5 years.
Anyway we live and learn.
Good luck to you and all Andromeda holders! Our day will come..
K.A. Ching
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Same here Pezz. I didn't have 30 million but a big 6 figure...
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