RE:RE:RE:RE:RE:Here are my thoughts.Inca2020 wrote: do I think the share price is going to hit 60-70 cents again? Absolutely. Am I going to hold past that for the second time... unless something is drastically different the answer is a resounding... no.
Remember last December when I told you the share price would most likely be lower until the 60% milestone than the $.60 it was trading at the time. You said it would be $2 within 6 months.... are you ready to say you were wrong? For the second time after you pumped the board into oblivion from 2.10 a share to .10 cents.
Here we are in Dec of 2020 with you still saying the price is imminently going up. My target for some price appreciation at the time was Dec 2020... but since they moved their timeline to trial completion I moved my target to mid 2021 to which you replied with riddicule.
My reasoning was that we were sitting on dead money because nothing surprising would happen to bolster the share price in the interim. Certainly not an awareness campaign or increased revenues. That it would be much more of the same.. and ultimately the price would go up solely because of gamblers coming in to bet on the trial. So far I'm right.
You of all people should shut your trap because you've been wrong at every turn. I'm batting .500 for now.
mercedesman wrote: "Now I'm debating on buying more just to average down and get out at a lower target." InkaDD
Good strategy... why didn't I think of that.
MM
pumper !? Hardly.
I only talk in terms of potential - in the long run - if either PMX is approved or Dialco gets sold or IPO'd... or both...I'll admit that I'm pumped about a 10-20 bag potential ( not holding out for just 60 pennies). In the interim they had some great potential too in terms of a better (dare I say, more fair) SP like countless Biotechs that have told their story in a responsible, open and yes effective ( wealth generating) way. Most investors in same know the risks - including binary events (if not, they should know) Clearly, openness ( as in speaking loudly to large crowds) has not our Mgt's style, nor game-plan. They seem to prefer a higher cost of capital, a low expectation SP, and all the perks that go with that ( as have been outlined and well articulated here by others)
And so many years ago they set sail with elite group of wealthy passengers and a somewhat inexperienced crew. The goal? To sail off to paradise together. Later, after encountering their first stormy waters and high waves, that changed to: it's paradise bound or we all go down with the ship, as the case may be. The inexperienced crew scarcely expected such stormy seas along their journey. Nor did they expect to have to deal with a bunch of unruly castaways (when in fact these were ( in some case) or are ( in other cases) legitimate passages who happened to buy cheap tickets ( and as a consequence were assigned to steerage ) In any event, their journey has become an unexpectantly long one. The ship has had to alter course and sail around two hurricanes (one late in the season of 2016) and another giant one in 2020.
I'll be the first to admit that last December ( while posting from my rather dark inside cabin) I did not foresee a global pandemic ( and a horribly mismanaged one by the commander in chief of the US of A at that). This last storm has now cost them 11 months of time and counting. Bad on everyone for not forseeing that event.
Some, like myself, even thought we could save a few poor soles left floating in the water after their boats capsized from the monsterous 2020 hurricane... but alas, their lives are not our concern, and their plight will not deter us from our assigned task of making it to paradise ( white sandy beaches, palm trees swaying in the gentle breeze, and the soothing sounds of the surf hitting the shores)
And so, here we are "rounding the curve" of this global hurricane on what seems like a never ending journey to the promised land. It's no wonder we lost a few crew and passengers when the seas got rough. There's still a few lifeboats left. Row to nearest island if you must. Or stick with the imperfect crew. It's your choice. But some of the other steerage passengers are growing tired of your "woe is me, it's everyone else fault, and why didn't they forecast this once in a 100 years storm" attitude.
As for me, despite paying for steerage, I am well heeled and believe that the ship will not go down ( particularly with the twin ship now beside us) and that the paradise islands will be in sight by mid to late spring .
MM