A few percentage points? this stock now requires in excess of over 200% to return to its high 4 months ago,,, that's far more than a sugar hit Densy... that's a strong espresso hit..
Do I see PAA returning to the mid 30's ,, you bet but it wont move on sentiment it will move on Informative Updates from the Company that contains and demonstrates value $ ...
Plain and simple momentum and confidence was rocked ,,, the new BOD and MT have safe hands on the wheel for the next part of the journey... but market interaction is what "drives awareness which drives participation which drives demand, which drives competition which drives Increased Value...
Selling is caused by Retail Investors , the size of the original listed parcels are small $1000 to $3000 was the majority of the day..
128 Trades on the ASX
95 Trades on ChI-X
Only 75,000 changed hands @ 15.5c
Time is slipping by ,,, staying current is inherently difficult as the "News" is washed daily but paid content remains..
Cost of living is biting and Retail Investors are returning to cash but remember we were buying PAA @3c a few years back so its still a 5 bagger for some that's a 500% sugar hit ....
The climb will only begin on positive progress toward trialing now and the Phase II Valley of death period is still ahead ,, thats why its so crucial to eke out every penny on positive news ,,, ohhh some call that Hype, Spruiking,,,, but to be a $1 stock you have to be a 40c 50c 70c 90c stock first..
With Biotech it's all about timing ,,, Catalysts supply the juice and there are only a few in this sector ,, so thats why its critical to " Make hay while the sun shines" and not be modest but Herald the companies successes ,,, because in this game "No One Else is going to do it for you"
Friday Frenzy ,, well the market is turbulent , speculative stocks are getting hammered but revenue stocks with poor sales are being smashed..
Company has $18m in the bank , sure $10m will go to Healey ,,, so what do our Team do when Healey kicks off the Phase II? we also have a specialist in the United States now , Manufacturing Specialist , Logistics so maybe they could update the market on their current efforts..??
With MT informing us this should all be wrapped up in 24 months ,, I'll take a few @ 16c ,, but then I'm just a Trader , I make no bones about it ,, I do this every day for one single reason ,,,, To Make Money $$$ like all investors ,, some like the long game,, I'd rather play 5 games in the same time..
Do I see Money here ,, you bet ,, heck over 200% is on the table just to restore value to before we had a New BOD and $18min cash and before we were accepted into Healey....
The Science remains solid,, heck every day we are gaining more data from our OLE Phase I Patients ,, The Only Rabbit up my sleeve that I know drives the SP is a Testimonial from a Trial Patient or Family Member...
Life Extension is in the Bag
Slowing the Progression of MND is in the Bag
Yes Buckland I know its a small 12 patient cohort but you can see the from the internal data that when Trial Patients went from the 6mg to 10mg that was the Goldilocks dose ,, data doesn't lie........
Money moves like tidal sands ,,, SH and management need to keep front of mind ,, "Investors want a return on Capital Invested" so if there is money to be made elsewhere ............... watch the money move....
MT has even eluded to "We are a Take Over Target right Now"
Once confirmation of the Phase II kick off is announced you will have a few return ,,, but Investors now know "There is no urgency to have funds here"
Me ,, well I would run a quick Covid trial on 12 patients for 10 days ,,,, we already have Safe and Tolerable Tablets ,,, we can trial on anything ,, Human Cancer Trail is still open,, but would be expensive and is a cluttered space but we as SH have already invested 2 years on the Covid story,,,, maybe its time to find out if Mark Pellergrini was was right "REMARKABLE" then PAA isn't a one trick pony either...
Back to the Garage ,,, new toy has arrived NZT
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