Its a shame- at the time Naos bought in it was supposed to be a sign that a small boutique fund that specialises in the field was interested in pyc and thought big things were to come. now it appears they have no idea. Only problem that leaves us with is that the one bio fund that thought pyc had potential obviously know nothing, and at this point no one else seems to be interested. The best announcement would not be a new deal but a prominent or respected new substantial holder taking a position. At this point it just feels like me and a bunch of guys on hotcopper that think this is a good gamble. Hopefully we can call the low 2s a bottom judging by the corresponding volume, but unless someone with some sort of track record shows interest we could be waiting a while. How do two deals that were touted all the way up to end of june still fail to materialize 2 full months later. Can the directors seriously believe a deal is about to be done 5 months ago and still be waiting?? This is bizzare.
PYC Price at posting:
2.6¢ Sentiment: None Disclosure: Held
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