off topic/30mm
First of all, Venman you surprise me with some of your assumptions and conclusions.
A person can be both an investor by your definition, and a swing trader. And they may, in fact hold several hundred thousand shares, which , if I understood your intent, was to indicate that only smaller holders would swing trade.
One does not have to trade away their entire position. In fact, once can hold several hundred thousand shares for the long term, and take the swing trades on a portion of that, .Your assumption that a person must trade their whole position each time, or that they cannot do both, is in my opinion, quite flawed. But it does create the impressin that ""real investors" should take a psition and just hold. Fair enough if that is the strategy . You can ignore the dips of course, but the current one was some .28 and that amounts to $28,000 on a hundred thousand shares if you sold at the top and bought back in today....I guess I am not at a place in life when I consider a $28,000 swing trade profit just a minor glitch worth ignoring. I do understand, I think, your motivation for demonizing swing traders though.
Now as to the 30mm which keeps getting bandied around. A wise person, and one of those who finds enjoyment on manipulating numbers mentioned to me that at an average inflation rate of just over 2% per annum, the 35mm in 2020 is less than the equivalent of $30 milllion today. And becasue the company has not completed the DFS is just does not make sense for anyone but the Roche Bay folks to pay the money out now. I gotta agree with him.