RE:RE:RE:Why Does Roger Keep Buying?
Scorpio2 wrote: Datawork, I will tell you why I don't continue to buy...it is for reasons of risk management and the size of my TLT holdings in my overall assets. I now hold a very significant position... many hundreds of thousands of shares and warrants but have been able to offset this with other exposures that have actually moved up in price over the last few years, while Theralase has done squat. The only relief that I get from holding an oversized position in this company is that I know RDW has a hell of a lot more to lose than I if something goes south or sideways for too long here. I'm betting we will eventually be succesful because of the science but I have not been impressed with how shareholders have been treated in this company. Last year's PP was a travesty but I do recognize that a deal with the devil had to be made.
If we as a company cannot move the price needle over the next 6-9 months, that will be the last straw as far as I'm concerned. Hoping and expecting for the best outcome over this timeframe but it's "show me time".
Well said...one positive is we should already have enough treated/assessed patients (3 month results/CRs on 5-6 patients) for a fast track designation. I imagine an FTD was applied for post receipt of the IND. That could mean we get a fast track decision no later than mid to late July. That should move the price needle...
I also expect Canada trials will be getting a green light to resume VERY SOON. Unlike the US, Canada has had this pesky Covid bug under good control for at least the past 2 weeks with significant declines in both new daily cases & deaths. Hope to hear some good news next week.