I must confess I have picked up a few more on market.
I kept changing my mind late last year but the more I think about this one the more I want and they are hard to get a lower levels.
I can't argue the science like you guys or connect the dots like Twin over on the ADO thread but I am really impressed with the whole CR and the business focus and management restructure.
As usual I am starting to believe that I have jagged massive potential at a steal price.
The hocking family have effective control now and it looks like they wanted that but the way the CR was underwritten. No one else could have more than 5% -
or they would have disclosed by now although there has not been an official 3B so I am not sure how they would exactly calculate their holding.
Anyone know who Andrew Swift or Ascent Biomedical are?
By my estimation the top 20 must hold around 55-60% of the shares - I don't know many companies with that level of concentration and if they all stay true it means the upside is going to be thin and fast . . .
If in fact there is any reason for upside . . . .
I am starting to wonder if a significant Janssen announcement doesn't see the SP go nuts if people notice - like 10-20c area or a MCAP of 100-200m . . .
PYC Price at posting:
2.5¢ Sentiment: LT Buy Disclosure: Held
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