RE:RE:RE:RE:RE: I wonder what that portends after we get through the ...?Rickkie wrote:
MM,
You responded to a post by the RV with “Your point is well taken. While management seems to have their fair share of detractors, in the end you have to believe that they, the BoD and most large shareholders, all want the same thing - the highest possible SP from which they can exit their positons...and buy a boat...or whatever”
Not that I don’t believe there will a payday eventually, but when? My beef with management has always been their seemingly lack of urgency as they keep on missing their promised target dates time and again. While the regular retail shareholders hang on, not wanting to miss the big pay day, management continues to collect their juicy compensation (they have already bought their boats or whatever) year after year. Nor do they seem to care about never ending dilution as they mitigate that by issuing themselves more and more options.
I am not a basher as you and the Rev accuse anyone who questions management. I am still holding on to the few shares I hold as I do hope for the big payday, but again how much longer do we have to wait while management appears to be in no hurry? If and when the big day comes I hope my shares will not have been diluted to a pittance by then.
I'm not tapped into the timing Rikkie but I hear your frustration.
All I can do in manage my own level of frustration and choose how I react, while Mgt. hopefully gets its act together. I have found better ways to react - that work better for me than belly-aching on a public bulletin board, and lashing out at other posters becasue the share price hasn't done what I expect it to in teh short term.
Ten ideas for you:
1. Lower you average cost. Sell when the hype artists appear (July '22 would have been a good month) and buy when the bashers are in full vigor (Nov/Dec '21 would have been a good time) . I've gotten my AC down between 30 and 40 % in the past year.
2. Have a core position and a trading postion. Keep the core and trade the rest (see # 1)
3. Recognize that whining on a BB is only shooting yourself in the foot. Newbies are scared away...and you accentuate the problem. Maybe that is the point. So take that into account too.
4. Participate in financings (although I know it sucks to have to put more actual skin in the game when you're frustrated). If you have conviction and have done your homework, it's much easier. It's one of two ways to fight dilution.
5. Not to excuse them or to be an apologist, but recognize that some things are beyond Mgt control. Lots of boards are filled with people blaming Mgt for this and that. I haven't seen many Mgt teams that have been able to control for a 30% bear market or Covid-19. Like it or not overrun/over taxed ICU's don't have time for Trials when lives are at stake.
6. Voice your concerns to the CEO and BoD directly. They may not like talking to you, but in the end, they can't hide from you forever.
7. Understand this is an "end-game" play. The true value of the opportuntiy will likely not ever be reflected in the SP...
until one day it is. If they reward themselves (and trust me that's the plan) then by default they will reward patient shareholders.
8. Use common sense (e.g why did JK and SA and BM leave good gigs for a "nothing burger"?) Don't fall for the Lifestyle argument. These guys have already made it and don't really need a salary that the average retail investor may see as exhorbidant . They are looking for the Lifestyles of the Rich and Famous, not a "Lifestyle job". Why did Toray and Infomed agree to extend after years of dealys?...I could go on and on.
9. The more due diligence you do, the more your realize there is only one logical outcome. Sepsis kills 11 million/year. PMX can be used for ARDS and Covid (IMO and I think JK and Ronco believe that as well). RCT's are hard (especially 28 day mortality ones) - "exceeding expectaions" likely means ultiimate "confirmation" . Break through designation by teh FDA is another solid clue. Loading up certain peeps with PSU's in another clue. Read other Real World Evidence (I post it when I find it, but I don't spend alot of time looking for it. I'm sure there is alot more.). Also see Bonus below.
10. Lastly. If you can't stand the heat, get out of the kitchen. Let that shyte go ! Move on !
Bonus: Understand risk and probabilities. e.g what is the probability that Dialco and PMX go to zero? If 100% success means that it's worth $ 5 - $ 10/sh (pick your own number) then what is the probabiilty of success, and value of just one coming through?..what is it worth if there is a 50% probablity of just one coming through? What's the true risk of both flopping and no one willing to buy the IP, the secured rights to the EAA and SAMI, the Tax loss carryforwards, etc.?
Timing Hint: Look at Sedar and understand PSU deadlines and dates. Ask yourself why the BoD built that in? Understand Interim Data Reviews and what can happen. Especially for treatments directed at hundreds of thousands of Americans that die each year. And if you don't beleive "they" care about the people, trust that "they" and the insurance companies care about the costs (including for dialysis)
MM