Watching a biotech meander its way through drug development is not exciting - it makes the growth of grass look speedy!
I have watched my capital diminish.
It has been suggested to me that further capital raisings wouldn't happen again - incorrect!
The time lines for trials have been incorrect not by weeks or months but by years.
The weekly news updates were a farce and a knee jerk reaction to valid (I think ) criticism that the shareholders were not being kept up to date as regards to the progress of the trials.
At the last shareholder information meeting it was mooted that a partner would be announced in months.
That was months ago.
As the share price can attest - Silence is not Golden.
This mushroom has started to shrivel. BS withdrawal I guess.
A previous poster and ex Chemgenex shareholder stated - they accepted the Chemgenex takeover offer not happily but wearily.
I can understand the weariness.
Well what to look forward to?
You can be guaranteed of an AGM probably a month away on the 21.11.2014 but not announced yet.
Don't know if I will go or not - I may have to fold some washing instead.
The vibe at the moment is not good for this stock and the market is feeling the vibe.
I have moved on mentally but am stuck with the shares (which now reside in the bottom drawer).
IVX Price at posting:
6.9¢ Sentiment: None Disclosure: Held
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