I was disappointed a long time ago!
In fact I haven't been to the last 2 AGMs as I became tired of the annual mantra -
"Exciting results are imminent and we are talking to major pharmas who are all very interested in our trials"
Some time ago I came to the conclusion that this was BS.
If you count the number of major pharmas - divide the number of working weeks by pharmas and multiply by the number of IVX directors talking to them you would realize that:
a. If IVX has anything then they aren't talking to the majors about it. ( In fact they (pharmas) would be becoming irritated by their constant contacts some thing like Indian telemarketers )
b. They don't have anything!
If a. is correct then I believe that IVX has been transferred to US ownership - just a mopping up of Aussie shares remains.
Either way I haven't participated in the last 2 shares issues as I have identified my loss based on my beliefs.
I don't think good luck can retrieve the situation here.
For a more prosperous new year I trust we all examine the big picture and benefit from fact not possibilities.
IVX Price at posting:
0.7¢ Sentiment: None Disclosure: Held
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