Agreed. Also, hello fellow UNS/UNIS shareholders on HC. I've been reading this forum (call it what you will, lurking etc!) on and off for a couple of years now. I mainly post on the YFMB board for UNIS however that forum has become nothing but a troll filled POS that I can't engage with any longer.
I became enamored with the story of Unilife about three to four years ago, when the US share price was flirting with the $4 range. I loved their concept, their products, and they were in the midst of signing most of the major pharma contracts that we are yet to begin seeing production numbers increasing for. All seemed like I'd found a winner, until...........
I listened to my first earnings call hosted by AS. I remember the feeling of dread I began to feel as he mentioned "holding all the aces" and referring to the structure of his contracts as so potentially lucrative, but the main take away for me was the almost flippant manner in which he referred to the customers, as if they needed him and UNS/UNIS so much that he had them by their proverbial balls. I immediately thought of how I would feel if I were one of those customers, hearing him speak.
Over the following months, nothing materialized, of course. Quarter over quarter revenue never seemed to increase, in fact about nine months later (I think it was for a QE in December) the YOY revenue was down by more than half. At that point, I got out of the stock, feeling like I had been fleeced.
A little over a year ago, on a whim, I decided to check out UNIS to see if it was even still in business. To my surprise it was, and there was AS on the telly, on CNBC or the like, showing off products. Heck, he'd even landed another large pharma contract! So I watched, more carefully I thought this time, and decided to buy in on dips and sometimes sold on peaks as I knew with this one that it had to be played that way until revenue accelerated. I had sold out on the day the Imperium news was released as the stock spiked to almost $3 on the news but they masterfully followed that up with the negative dilutive offering that drove it right back down. I had an average price at the time of around $2.25 US and managed to sell it all at $2.55. I stayed out for some time, and watched the price sink to the low 1's. Then I bought more.
I got in at $1.25 US, bought more at $1.07 and some at $.95 and $.91. Then I got lazy, and I became emotionally attached to the stock. All the discipline I had used to get out with smalls gains or small losses disappeared and my holding became a fairly large hole, one that I'm still dug in to. I managed to hold through the gut wrenching months of November, December and January, and am still holding now, praying that the "new" management can take UNS/UNIS to the production levels necessary to facilitate a healthy SP. I figured that if I can tolerate that roller coaster, I can tolerate just about anything. Anything that is except a total loss of my money, which I was so close to in this one I could smell it. Now, like many of you, I'm quoting RRM in my head as I read posts and research wearables on the internet, trying to find information, anything at all really that supports my continued holding of this stock. I'm now banking on the "new dawn, new day" that I believe (or maybe just have convinced myself) Orbimed is orchestrating in order for their payback to include more than just intellectual rights. I believe I read that something was to be announced by end of this month related to all this mess, or maybe that was just to get rid of the inept management. Either way, I'm hoping, along with you all, that this company can turn it around and become what many of us believe it has the potential to.
"We wait" - RRM <-- Thanks to Railroadman for that phrase. It helps.
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