Weekend side note… Hello all
First my disclosure. I own, or have influence over about 50k shares.
Not gigantic, but certainly more than an average " trader".
Many of my shares have been aquired over the past few months. I wait for the maximum doom & gloom as a clear indication of time to buy.
As such my break even, not miles away.
further disclosure & most importantly, I'm in until the end, regardless of what that means..
Why have I bought more ?
With all of ONCs opportunities & very soon milestones, the company imho is worth multiples more than its present trading position.
so, I have no concerns buying more.
Enough about that.. A fun interesting weekend story.
I know a guy. Reasonably well off. Decided to broaden his investments into Art.
A very unknown, local artist had a few originals. Totally different concept in his art, he was totally unknown. The works BTW beyond amazing!
My friend bought a painting. His goal was to see the young artist grow. As his name would grow , so would the value if his art.
My friend started his research an on line art appreciation web chat room.
Once in possession of his art. Which was an amazing addition to his dining room, he discovered the artist had recently produced another painting.
Completely annoyed, how dare that artist add another painting to the world.
He quickly got on the chat site & chastised the artist. Called him a guy with no future. " has paintings suck"...
My buddy had a few other friends. They never did buy any of the paintings. Would like to but felt to expensive, even at existing price.
My friend had his art appraised. Present value estimates, just above or near what he paid.
The appraisers did add, however the quality of the painting could , should the artist prove himself in the art community..the value could easily be ten times , existing price.
Again, the artist sold another painting. More or less same price as my friends.
He was furious. On to the art chat site. The artist does care about the people holding his art.
He is destroying my value, by selling more. He is a terrible artist, will never go anywhere....
The artist as part of his career, did a very high end art show. Manhattan NY.
Critics raved " great art work, undiscovered potential"
My art buying friend & his colegues immediately got on the art chat room. Claiming the whole event was self serving, waste of money. The artist could care less about the price of his art.
My art hollding guy, now convinced by his own rhetoric his investment was wrong.
Tried to sell on the secondary market. Due to Covid killing the art market & bad vibes surfacing in public forums around the artist, the price he was offered, much lower than what he paid.
Back to the chst rooms he goes. This time with a few uneducated in art, & more or less not very intelligent, helpers. Sets up a string of negative comments. Any opportunity of praise...additional art shows, appraisers giving great reviews, they would discredit as being paid by the artist.
How dare they talk positive when the value is dropping.
I could go on.
real life? I have a few paintings from a local artist. One very early pieces, I paid $100 for. Easy worth $15k- $20k.
Another piece well over tenX what I paid.
The artist , did have a piece he was expecting to get $100k. He sold for $45k.
Back to my " story"....art is only worth what the buyer thinks it is worth.
That sentiment is based on many factors. The artist can only produce art. He wants to get as much as possible. The more he proves his name, the better that sentiment grows.
Anology?
My fictional art buying friend...our one and only career Onc bashing Armedescape & his followers.
Who in their right mind would publicly bash the artist ( mangement), of his investment painting ( Oncy)
Regarding bucky , he claims I know nothing about him? Quick Stockhouse search.
He has posted well over 200 times. All without exception criticism of Onc or others who support Onc.
Again, it is well known Onc has a very wide & diverse retail ownership.
The institutional numbers have doubled in past 16 months. Not huge, nice direction.
Back to my art anology. The artist is real. Look him up. Josh teissen.
Amazing work. He has been in mutiple galleries. His paintings in general have gone up in value.
There are zero complaints on the social media about his works.
Afterall, only a fool, or psychological disturbed person would publicly bash his own decision/ investment....knowing full well part of the value process is public opinion.
onc Pelareorep?
A cancer immunotherapy virus, under study for various cancer Co- therapy treatments.
The analysts , even the lowest " appraisal ":multiples of existing trading price.
The " artist" ..mangement , obviously want to see the best price possible.
getting back to simplified outcomes.
The best way for Onc to see its true value is a buyout.
Pelareorep according to many once approved. Assuming co therapy with Roche, is worth even with one of the MBc or panc markets, $5 billion/ year in sales.
meanwhile, my artist friend keeps diluting the market. Producing more paintings.
Reality.
The more he produces & more galleries he presents at, the wider potential for his paintings value.
Additionally, those who appreciate his future & praise his work publicly help the value.
Want to help your investment, criticizing it is not the way.
The game stop event a clear example of many things.
Manipulation, shorting, social media influence, corporate/ trading interference.
Game stop by no measure found was worth the 400ps it hit.
likewise, other end of spectrum, onc(y) , is worth far more than the range it is in now.
Stock markets are interesting to say the least.
great weekend all.