First heads up was the Wolf leaving and the changes to management - they put the more business savvy guy (but still got science cred) as CEO and left to science guru to the science.
At this stage I still thought it was closer to going down the tubes though as the cash burn was crazy and they just didn't seem t get that you always want 1-2 years cash - they seemed to always believe they were going to sign a monster deal and be eternally cash flow positive. You can see how that turned out.
I thought the Hocking family was the only survival option in the end and I was still going to stay away.
Then I made a phone call. It was the first time I had spoken to anyone from the company - no offense to Nick but he seemed to be more suited to a company that was much further advanced then PYC was at the time - he was over promising and under delivering and I don't think any of it was his fault - stuff like this takes 5-10 years not 1-2.
Anyway - I started thinking about the technology, then the biotech sector and the heat (that I expect to last a year or 2 more) and then the Peptidreams comparison and figured that PYC with cash in the bank gets a clear run for the next 12 months at least and it looks like it will have a major shareholder with 20-40% of the company (read between the lines - the free float in this will be very small so 'if' it has good news it could run very quickly - I think 10c is going to be possible but I will just stick with 3-5c as a prediction).
I know I have said this before but have you ever seen a less promoted CR in all your life? I think the people (or person) advising the Hockings is very switched on and they have no problem holding a large parcel and I am willing to support/participate in that. I will review along the way as the cash burn still concerns me but for now I am happy to be in a cashed up biotech in this market that obviously has billion dollar potential (in a long time) and the management is being refocussed in the right direction.
All that matters now is how many I get allocated. If I get scaled a lot then I will probably lose interest but if I get my requested allocation (which I see as likely cause I'm not sure many existing shareholders are going to care over the Christmas break) the I will be a keen follower for some time I suspect.
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PYC
pyc therapeutics limited
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$1.45

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Last
$1.45 |
Change
0.005(0.35%) |
Mkt cap ! $857.3M |
Open | High | Low | Value | Volume |
$1.44 | $1.47 | $1.43 | $108.5K | 74.59K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 15935 | $1.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.47 | 27900 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 15935 | 1.450 |
2 | 9773 | 1.445 |
2 | 5402 | 1.440 |
1 | 9107 | 1.435 |
2 | 36414 | 1.430 |
Price($) | Vol. | No. |
---|---|---|
1.465 | 27900 | 3 |
1.470 | 14437 | 5 |
1.475 | 21962 | 3 |
1.480 | 10547 | 2 |
1.485 | 756 | 1 |
Last trade - 12.12pm 10/07/2025 (20 minute delay) ? |
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PYC (ASX) Chart |