Dreamcatcher - I personally think all of this can be laid at the process of raising capital - I hate the fact that some brokers put their clients into it and then run later. They should never have placed this stock to anyone with a time horizon of less that 30 months in my opinion.
My time horizon to see the valuation at the correct point was between 4 and 6 years in December 2012. I wont sell unless the theory is broken - That in no way is the case here and I would have thought that when they went out and did presentations to prospective SOPH's late last year they must have told them about the lumpy nature of the business. Really I also think management need to review these processes as well. I think that we do ourselves damage by creating discomfort where it is just an inappropriate match of investor and investment.
Personally it does a lot of damage as if they issued shares here at these prices I would be angry so they can only do it for cash or dilute us all.
Not sure if I should expect more from management or is it just a product of a poor investment process who probably charged 5% to raise the funds for them as well.
We shall soon see how well it does.
PGC Price at posting:
25.0¢ Sentiment: None Disclosure: Held
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