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ExMS.
Have you read the Warren Buffet playbook? He purchases major amounts of stock in companies that he considers to be undervalued, and that have the potential for future success. He subsequently holds the stock for the long term. Should his due diligence be correct, his investment will flourish.
Consequently, I disagree with your previous comment. I still hold the same number of NNN shares as I did yesterday. I do not use stop losses, as I invest for the mid- to long- term. In my mind, I am neither richer nor poorer than I was yesterday.
Yesterday, one of my major investments rose by £23.4K - a significant rise, and it continues to look promising for the time being. Around this time last year, the same stock fell by over £60K on one piece of news. I continued to hold through thick and thin, and am by now well in profit. Potentially this stock could generate several millions pounds of profit for me, although I am highly likely to sell before then, unless the company is bought for a huge amount by a larger entity.
My point in all this is that an investor holds stock because of its potential. He/she is neither richer nor poorer as the stock price fluctuates; only when the stock holding is eventually converted into cash.
Regards and good wishes.
United guy, if I sold my shares now, the moment I press the sell button, this will go straight to 5p lol. This has happened to me hundreds of times, I’m not very lucky.
I don’t believe this Will drop past 0.60, going to 0.58 for a few seconds doesn’t count. All the bad news has been given. Most bed wetters are gone, we are left with the vile traders, they should be gone soon. I look forward to a steady rise over the coming weeks.
TLWilliams, as always completely agree.
TL Williams
Totally get what you're saying. Been in OCGN since 29 cents and haven't sold a single share. Complete rollacoaster and frustration doesn't even come close as its heavily shorted (Pfizer now suspected by some really experienced investors to be using hedgefund to attack it to) but I see its true potential and that will be a lot higher than the tens of thousands I have seen my holding go up and down since December last year.
poorinvestor and Groover,
Many thanks for your replies. We are part of a group of investors, who contribute to this board, who can see long term value in this company.
Sadly, there are so many others here mostly green rectangles on my screen), who have a different agenda. They are seeking very short term gains through short term selling and through trying to time the spikes that arise in the AIM market on a daily basis. Their viewpoints are not relevant to the way that I conduct my business. Consequently, their comments are of little value to me and I ignore them. Hopefully, they will reciprocate and ignore my comments for the same reasons.
Today’s RNS was focused on strategy. Should Mr. Duffin’s plans prove to be the correct way forward for the company, our investment should flourish before too long. I am optimistic about the future, and will continue to ignore the inevitable pessimism from individuals with a different agenda.
Regards, and with my best wishes to you both.
@TLW
By definition a value investor buys shares in companies which are intrinsically undervalued. ie trading below book or break-up value. NNN trades at several times it’s actual value which is just the cash it has in the bank. The burn-rate will be huge given the daily cost of running the company and if the wishy-wasn’t outlook given by the ex rat-catcher is anything to go by then a future cash-raising will be inevitable.
Can anyone explain why the board can't just phone up Voltz and ask them to run an order for 450,000 masks, then send them to India and then do a repeat Oder?
I know this has been put across as very simplistic ,but what I'm I missing here ?
Many thanks in advance for any reasonable answer.
I've no idea, Josepi. The Lemu machine was supposed to manufacture 5,000,000 masks a month but did not work as planned & manufactured 'significantly less'. Say, to make calculations easy, it only managed 3,000,000 a month...or 100,000 a day, today's RNS highlights significant production issues at Volz!
Perhaps the Indian distributor isn't paying up for the first shipment of 45,000, therefore NNN are refusing to supply more.
Oocanibe, I was not aware Volz had production problems.......
As we have no machine surely we should be outsourcing this concept to anyone who does and just get on with the job ! The BOD saying we can look to 2022 at producing a factory of sorts is just pie in the sky ! We need action now .
If needed I needed a job done , but couldn't do it myself I would hire or delicate it to a professional . Why can't the board do the same ?
or there isn't the demand for the mask in India. Part of this 250K order was to gauge demand.
I'm just saying the initial order should've taken a week or so to complete...but the RNS only gives half the story! Again, this is typical of the old RMS & is continuing with NNN.
ExMS.
Your comments are much appreciated. I cannot fundamentally disagree with your viewpoint, until I have further information. This is concerned with product development, intellectual property valuation, contract wins and sales figures. Rome was not built in a day, and all this will eventually materialise.
Your measured pessimism is acceptable, at least for the time being, although I am optimistic that Mr. Duffin will, in time, set this company on course towards profitability.
Regards.