While I don't buy into the boundless pessimism of Dhukka and some others, I do think it is now incumbent on management to tell us just what is going on, especially with the cellulite cream.
What you call "boundless pessimism" I call healthy skepticism. I couldn't be that pessimistic since I've owned the stock on two separate occasions in the past 3 years. I sold out in January based on a scenario that has largely played out with the share price having fallen by about a third.
I understand people who own this stock for the 'fat tail' event, e.g. a deal with up fronts with the likes of CSL or Novartis. However, investing on the basis that the company will be self-funding inside 12 months in the absence of such a deal is pure speculation not based on any tangible evidence.
I invest in biotech, and I assume others do as well, because of the huge potential upside of a blockbuster product and or drug, but you also owe it to yourself to consider the risks.
As jevalent stated, AOD has a disappointing history, there is also precedent of disappointing outcomes related to partnerships, does anyone remember the "potential" of the Nestle partnership?
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.338M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $973 | 486.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 6361102 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 41925822 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 6361102 | 0.002 |
26 | 67117741 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 41925822 | 29 |
0.004 | 16347566 | 14 |
0.005 | 10075266 | 8 |
0.006 | 11115082 | 11 |
0.007 | 13229103 | 6 |
Last trade - 10.27am 31/10/2024 (20 minute delay) ? |
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