The Spin......is in full vigor...as usual.
How is everyone's equity portfolios working out lately?
Since November 2021:
- TSX down about 10 % (saved by oils)
Meanwhile, the lowly Spectralor up about 50% off November lows (when you should have been buying - I know I was). Hating the delays and absoltue performance vs true underlying value, BUT LOVING this relative performance.
Anyway, despite the recent market carnage, it's looking like a good place to hide (up 5% today while the general markets are down big again e.g DOW - 500 pts +) . For once, being completely off the radar (some would say - by design), is an apparent advantage. Silently awaiting the inevitable endgame, with at least two ways to win (PMX & Dialco) - as it move inexorably* towards a conclusion
Should be 40 - 45 patients by end of May (with any luck). About halfway to Interim Data Release and another $
x,xxx,xxx from Baxter the $ 37 B MC partner.
I wonder if the DIMI Trial partner will put up any cash to get first dibs on only the thrid competitor into a $ 13B market (with "game-channging" technology and the ability to address/break down barriers to adoption? Let's see if Seto can prove to all shareholders, why the BoD has so much confidence in him. I kinda like that he doesn't score big, unless and until certain milestones are achieved.
MM
*
in·ex·o·ra·bly
-
in a way that is impossible to stop or prevent.
"the conflict was to lead inexorably to the outbreak of World War III"