Prospectus & Event CatalystThis morning I decided to take a position in Knight. I like the price, the strategy, and Management's alignment through share ownership.
My hope is that all of the impatient shareholders have moved on and only those with a long term view are left standing!
The short form prospectus is interesting in that it allows for a combination of debt and equity. While the time horizon is 25 months, I am hoping there will be an event prior to that which is likely dependant on a resolution to Covid and Management's ability to travel.
I am by no means an expert in pharmaceutical drugs but am looking forward to learning a lot more along the way so please feel free to share resources that you think a person with a "non-scientific" background would benefit from.
Best of luck,
LR