RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Trading review from July 27 to today - Where is Paradigm? !! BSW thank ya for figgering it all out fer us
welllll doggies !
you musta done graduated from one of those fancy learnin instatushuns
I done got schooled .
I had no idea that our CEO could do so much damage!?Single-handedly. Right under the nose of the BoD?!
I guess that he would/should have been familiar with those institutions from the last two raises under his watch wouldn't he?
And for them to turn on him like that and all? .after plunking down 60 some odd cents and 42.5?. ..They musta saw him as a rich, lonely and confused senior while they were like Nigerian princes sitting on 100 million in assets that is somehow temporarilly tied up?
He trusted them and they done something like this to us?
They Bought 10's of Millions then sold at 1/2 their buy- in price or less, price just to punish our CEO for his missed enrollment projections and whatnot?
And I had no idea that a share price is simply the last years Mgt report card. Wow! Well those institutions made quite the statement. I guess they never really believed in PMX and DIMI after all. It was all about the CEO? Who knew ?
I always thought that SP was supposed to be a reflection of the underlying assets and earnings OR future earnings ( more correctly future cash flows) and that the SP reflects the NPV of all future cash flows ( discounted and tempored by probabilities and Mgts ability to execute)
personally I'm relieved that his " Mia culpa" during the investor conference makes it all better for you and we can both look forward to a complete turn- around in 2022!
I hope we can find us some new instatushuns that won't turn on us so quick ( and throw away half their money) , just cuz we're a bit tardy.
I learned myself a heap tonight. BSW
And I wanna thank ya !
MM
BayStreetWild wrote:
Most likely you are using a self directed trading account with one of the big banks.
High net worth investors (individual income over $200k per year, combined household income of $300k per year or $1 million in liquid assets) typically trade through full service brokerages and typically those brokers anonymize their transactions. The same applies for institutional.
Therefore the anonymous selling isn't being done by some invisible boogey man but.. people who are allowed to participate in private placements. You cannot participate in a private placement without being an accredited investor and you cannot be an accredited investor without either being institutional or high net worth.
You see... that's who's selling anonymous.
so while you sit there scratching your head if some super entity is pushing down the price just remember.. the people responsible for the price and to the shareholders is the management. They drive the price up or down with their credibility, competence and execution.
24 cents per share is managements report card for 2021. It was the result of:
1) creating the expectation that Spectral would spin out Dialco with a direct cash injection into the entity. This is what Seto repeated ad nauseum in every presentation in 2020 and 2021.
2) creating the expectation that the TIGRIS trial would be done by 2021 (in 2020). Then changing that multiple times to finally saying it will be at 60% in December 2021 to push a financing through. Than changing that to summer of 2022.
3) creating the impression that the company didn't have immediate cash concerns after the warrant exercise press release.
4) creating the impression that they were hiring sales people to bring revenues up. I could beat this to death but let's just say they've failed to report on this a number of times.
5) creating the impression that enrolment was well on track right through to the Q3 update where they suprisingly and suddenly let us know enrolment was at 0 since September.
6) telling the market that DIMI trial was on cue to start in Q3 only to push it by 6 months at the Q3 update.
7) other fumbles... such as hospital starts or Guadagni leaving to go work for another startup.
You see... when educated high net worth people see this kind of management behaviour. They sell. And when they sell the price keeps going down... the hedge funds, not far behind see this... and they give it a nudge down the hill whenever they have the opportunity... and the circle continues until you're at 24 cents from 90 a year and a bit ago.
hopefully I tied it all together for you.
mercedesman wrote:
"the anonymous selling is 99% institutional and high net worth selling through their brokerages. The people from the financing or people taking short positions. It didn't take a rocket scientist to see the company was talking smack and wasn't delivering on the promises."-BSW
ok so now it's changed from hedge funds to disillusioned small retailers, to 99% institutional high net worth individuals selling anonymously through those institutions. It's hard to keep up with your constantly morphing story !
And you're saying that those high net individuals ( smart money) were all convinced to sell because Seto flapped his gums and missed on his promises and targets. Do I have that right? I think that's your theory. But all the "dumb money" ( including you) decided to hold based on the underlying fundamentals, and despite Seto's gaffs. Some of the real idiots loaded up at .21 I guess ?!
I wish I made $200k so I could be smarter about these things.
bwahahahaaahhaa !!
MM