Why are you so nervous?Could it be that the Sirona position is too big on your account and you are unhappy to miss the market rally (NASDAQ & S&P500 & Co.), or???
For me is Sirona more a “hobby” to wait for a short signal on the SPY :) (A large proportion of my depot is currently a SPY Long FTE, in addition, I still hold some gold miner & Sirona.
Why you blame the management of Sirona? The risk for such micro-plays are very high and many story, special on TSX are unsuccessful long-term.
Opportunity cost? I would say there is no free lunch… The waiting & dilution(s) is annoying – but normal on TSX…
Actually, there is only one question: Is the management able to close a good deal with an upfront payment (I would say minimum 20 MUSD) that Sirona can to run the daily business for a long time.
The amount of the upfront payment is important for the short-term share price development, but not for the long-term.
Again, If Sirona is able to close this deal the management have achieved more than many other companies. If not, Sirona will be a corpse, like so many on TSX.
Risks high, but with the possibility of a global rollout (1067); a possible the IND filing (CFDA) and thus a recognition of the technology (for the most important aspect) we have here an opportunity for good long-term profits.