As an original IVX shareholder I've naturally been thrilled with the meteoric rise in valuation (market cap), which is now around $240m. So IVX is no longer a micro cap. Wow!! What a valuation!
So what have they achieved to-date to support such a valuation?
1. Results of Phase 1, 2 or 3 trials for PDT?:
No - nothing I can find.
2. Concrete plans for Phase 1, 2 or 3 trials of PDT?:
No - nothing I can find.
3. Capable management team?:
Rehired the original chief from the last go around.... hmmm.
4. Key investor with strong reputation?: Typing honsue cho into google search bar comes up with
as the second item on the search results... Read the articles, & look for more & they are there, so I guess the answer is No.
https://www.google.com.au/search?q=honsue cho&sa=X&ved=0ahUKEwi-uZHmhKLaAhWFmJQKHT1NDKQQ1QIIjQEoAA
https://www.uspiked.com/justice/governance/2017/06/18/the-men-of-fake-cancer-cure/
check out a post last night from Mouse (thank you Mouse!):
https://hotcopper.com.au/threads/up-1-600.4115479/
So all that said, I've no reason for holding anymore, or likely ever again & I sold out completely today, more than doubling a long term problem holding, very happy with the result, but unable to support staying in at the current valuation levels...
GLTAH, & stay in at your own risk - NOT advice.
(20min delay)