First post on this forum
Recently placed a significant (for me)order to buy at 22.5c.
Got filled, all but 2971shares, so decided half an hour ago, to amend the purchase price to 23.0c for this remaining 2971, hoping to start the ball rolling at 23.0c.
Alas, the little BOT kicked back with a couple of tiny purchases.
As an aside,.... was involved with another Company (VLA), which I am reasonably sure was one of the forerunners of immunotherapy .
VLA had a series of Clinical Trials in progress and consistently delivered very good results against combating 5 different cancers.
Despite being on a run of excellent trial results, the share price trended downward until it was below what it had been at a time when clinical trials had not even begun.
Long story short... when the SP was circa 90c(from memory), a Takeover for $500,000,000 hit the table.
This translated to $1.75/ share, a price that the Directors recommended we accept.
Enormous uproar from disgruntled shareholders erupted. They believed the takeover should have been $500,000,000 for EACH cancer being treated.
Interestingly, these shareholders seemed to ignore the fact that no other Pharmas were tripping over themselves to up the ante.
I was happy.... even tho the journey took 7 years.
The take home message here is to be prepared for a long term journey.... be faithful to your belief/confidence... overcome crestfallen mood swings... review the fundamentals whenever doubts creep in.
For me.... PTX has vastly superior fundamentals/potential than VLA.
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