RAC 4.64% $1.85 race oncology ltd

RAC - Charts & Price Action, page-17264

  1. 49 Posts.
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    There have been countless - millions - of products and services that would have helped humanity and society if the management of those companies had any idea of how to launch, grow and run a business instead of, lets say, measure insulin levels, or build low cost housing sustainably, or power energy at less than cost. World changing discoveries happen every day.

    Very few survive.

    It's not the extent of the change to the world that matters for sustainability. We would have had free, unlimited energy and more than enough food, clothing, water and shelter for the planet by now if what mattered was the benefit of the idea. Few things would have more benefit than Bisantrene.

    Few institutional and corporate investors are convinced that this management team has the ability to commercialise it.

    Most holders have not sold. It's possibly not because of belief. I haven't sold, and it's not because of belief. It's because once you sell it's a realised loss.

    I suspect that constantly changing the strategy, formulation, trials, partners, etc. etc. etc signals to the institutional and corporate market that management has no freaking idea about how to make them money. And so they won't put money in. That's what the SP is telling you.

    If you want to HODL regardless of facts, then there's lots of Reddit suggestions. Another 8% drop today says "these guys have no idea what they're doing, even with the best product in the world".

    Hoping someone who does know what they're doing offer some amount above 12 month average price ($2.87-$0.85c = $2 + 46% premium = $2.92) and puts us out of our misery, which will only continue as the capital raisings at increasing discounts to market to attract the junk bond traders keep devaluing the share price to about 14c, and then it's goodnight to Bisantrene again, until someone buys it from the administrator.
 
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Last
$1.85
Change
-0.090(4.64%)
Mkt cap ! $315.1M
Open High Low Value Volume
$1.93 $1.97 $1.85 $314.6K 164.1K

Buyers (Bids)

No. Vol. Price($)
1 44 $1.85
 

Sellers (Offers)

Price($) Vol. No.
$1.89 500 1
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Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
RAC (ASX) Chart
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