@furniture : respect that you got grip on LBT's FA lot earlier and staying firm on it.
Missed LBT announcement day before and then was too late to get in but keep researching in details reading annual reports, presentations & analysing wider industry. Managed to get my first LT parcel. Will be looking to top up with further 3 parcels.
Must tell that you are surely on to something big here. Everything you said about High Class Management is absolutely true. These days you hardly find management who doesn't dilute company to cash in more for their wages/bonuses or to load up heaps of shares cheap. Past 10 years of history says it all.
LBT revenue genearated biotech, has two patented products in hands and FDA secured for APAS. This alone should take her over $100m. Trading barely at $66m MC & looking very cheap now.
Why ???
Coz :
1. RAP - generating no revenue and no FDA approval but future potential making it trade over $300m MC.
LBT has all three and trading at $66m...though operating in different segments but same industry.
2. Like you early on LBT, I was the early bird on AJX - Got in (at 12-14c) in 1st phase of product development and testing while no contracts were signed. But knew that it had great product that could led it to great future. AJX managed to trade over $1 (over $300m MC) in few months without any revenue. Got out at 60-70c. Now at $160m.
3. EDE - Again got in early around 4c and kept holding and trading until now. There was something to like about EdenConcrete but management has taken most advantage out of it. No revenue yet but managed to trade over $300m MC. Again based on future potential only.
Though LBT different than all three mentioned, we can see where potential future lies for a proven, patented, regulatory approved INNOVATIVE product & the company.
IMO, LBT is lot better than these three due to an excellent management, minimal dilution, low capital expenditure & revenue generation from exising product & very encouraging future for patented APAS.
Hence believe similar to RAP, EDE, AJX; LBT will surely be trading around $200m from now to 6 months time & then follow your dream to Billion$ company in few years time. And yeh, theres isn't any end for innovation from an innovative team...they just cant seat idle.
Good luck mate.
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