RE: Train dreams10 Apr 2026 20:21
Hello Doc and all long term holders. Great allegorical post Doc and I have always enjoyed your level headed and understated posts on this board.
For me too this was one of the first shares I purchased back in early 2020 and over the next year or two built up a large holding being a majority of my liquid capital and some knowledge and was convinced that interferon B was going to be world changing.
It has been a very expensive and finally disappointing lesson. I did sell most of my shares just before de-listing for the price of a few pints but totally forgot about those in my SIPP so I am still a holder but have no hope at all of any recompense. Having said that I did have capital losses to set against profits from the sale of my mothers flat last year so that saved me a couple of thousand. It wasn't only SNG that I invested in during lockdown period. Nearly all turned out to be major failures including NCYT which was my second largest holding. Looking back now I think I was rather swept up in the whole Covid thing although fortunately had no close relatives who died or had to be ventilated.
My lack of investing nous has been well and truly exposed mostly due to either buying at the wrong time or not selling when I should have and holding far too long. From an investing point of view it has been all so depressing over the last few years made even more depressing by our appalling governments the general madness and violence in the world together with the fact that every company and person seems out to scam us.
I'll raise a glass to you Doc and the other believers. Good luck for the future to all.
Spinnaker