PAR. SP, page-976

Updating this tracker as promised 6mo ago (https://hotcopper.com.au/threads/par-sp.7531027/page-910?post_id=72103005)

It has been about:

• 2.5 years since our dataroom opened and potential partners were signing NDAs. https://hotcopper.com.au/threads/ann-paradigm-presentation-for-investor-webinar.6462134/page-48?get_post=true.
• Price at posting: $1.87
• 2 years since Marco was appointed, on ~$1M per year, ostensibly to progress partnership deals. https://hotcopper.com.au/threads/ann-investor-webinar.6844819/page-62?get_post=true
• Price at posting: $1.12
• 18 months since Plexus was engaged (then dropped???) specifically to progress deals, and PR took over from Marco (again, at $1M per year - then dropped to a paltry $800k). https://hotcopper.com.au/threads/ann-paradigm-agm-presentation.7117117/page-3?get_post=true
• Price at posting: $1.40
• 6 months since management indicated at the AGM that ""We currently have multiple companies at this stage in China, Middle East and Latin American creating competitive tension" and "We are confident that one of these will proceed to a deal by the end of June next year". https://hotcopper.com.au/threads/agm-meeting.7729929/page-11?post_id=71205647
• Price at posting: 39.0¢

Delays in doing deals have been pitched as maximising the value of the asset. I'll post again in another 6mo. I'm not holding my breath.