RAC - Charts & Price Action, page-25155

On the share price here is a tiny bit of my unsolicited perspective.

I appreciate the massive challenge to Dr T and the race executive of getting it constantly right when so frequently communicating with shareholders. Not going to happen. Humans stuff up.

At the same time I also really appreciate the accountability police on here - I think the pressure around timeliness and current NEDs is eliciting some fair to less than convincing responses. To which I'd say mistakes and timeline misestimation are ok.

How boringly equivocal but with that out of the way...

The whinging over the shareprice is hard to describe other than off chops. That's ok too, everyone including me has been off chops too.

But JC on a raft try to get back on chops, this is not a sure thing:

1. RAC is a PRE REVENUE biotech in a macro environment that is bearish with hints of depression. That classification alone means it's the most 'risk off' of any risk off companies outside mining explorers. People are GOING TO EXIT to preserve cash and you should be expecting a fcking WILD beta. You should expect a rodeo, where your bull is being intermittently darted with morphine and adrenaline.

There are many example shareprices in pre-revenue biotech doing much worse both now and in history. I was a shareholder in MSB when it received its second FDA rejection and my shares lost 90% of their value, down to under 30 cents. It then got an approval, soared 1000% and then dropped back to 500% currently even though it's almost certainly now in profit amd worth much more.

RAC has bounced between 1 and 4 dollars between mid 2020 and now. MUCH LESS VOLATILE than MSB despite that company being more advanced in its product development. CU6 is another good example, down to 1.60 odd from 9 dollars with no real company based driver of change.

2. The company is NEVER going to give you a sh*t coloured glasses perspective. No company on any bourse will. Think about it from their perspective there is no personal incentive to do so - their pay and their own shares are dependant on putting a brave face on and therefore it's up to YOU to be CRITICAL.

3. While more personal, I learn best through pain and I bet others do too. I pissed away 75K last year in a lithium company called LPD, now in VA. I'm annoyed at myself that I didn't exhibit more control and see that, while promising, it was never, ever a sure thing and management, while competent broadly, made mistakes and also just were unlucky with macro conditions. IT IS MY FAULT for not showing restraint and applying item 2 above. But I view this as having paid 75K, at that point almost 20% of my investments to learn that a little bit more in indexes and a little less on the lower end of the market are probably better for me.

I hope you are able to get on and process your 70% or 30% paper losses etc. I'm about 46% down comparatively speaking at maybe 12% of my investments so in an adjacent boat. But it could be a little while yet (or not). But I'm not banking on it, if I were I'd be in bonds and term deposits and neither should anyone. Buy some gold maybe.

Happy long weekend y'all.