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Hi when are the next results released
It’s an honour to be stalked
But for the record all AIM is a binary bet. If your don’t realise that then you should not be trading. Been around doing this for 30 years. I have lost and won. Rockhopper I made 237k in the space of a month. I sold out because the logistics of drilling made it too difficult. Bought GCM and still believe this will flourish eventually. Dealing in AIM you need to understand the potential downside which is normally zero. Never buy AIM stocks unless you are happy to lose the money.
They go over 30%, this could be the first of a number of RNS buys over the coming days. If they believe in the product they can takeout the rest of the equity for 170p. Rather than £20. Makes sense if you know the product works.
This is my view of why I am still holding
1. The US trial appears a success and is moving forward.
2. The sprinter trial it does seem there are issues.
3. The spouse of a director buying shares
4. Previous trials have shown a positive outcome
5. RM seems a genuine guy
7. Value at the moment is at base level. Any positive news from the sprinter trial after further analysis, or polygon buying or director buys this will move back up.
8. Anything positive will push the share price upwards, not to £2 in the short term but nearer £1.
Just my thoughts but as I have said the product is good the trial was not so.
It’s happened to me a couple of times. Tech bubble 2000, I had a T20 on an aim stock in two weeks of opening the position. I was 50k up. By the time it came to close the t20 I was 20k down. I was 28 and 18k in debt. I chased it and opened another t20 only to lose another 16k. So total debt 34k, all on credit cards and then two weeks later lost my job. I was in a mess and called the Samaritans, not because I was going to commit suicide but I just had no where to turn. You think that’s it game over life gone not future. Any the Samaritans takes to me got the help I needed and reassured me it was only money and there would be a way back. Anyway 20 years later, I have four kids, a beautiful wife and live in a lovely house. Yesterday on paper I lost about 30k with SNG but I still hold. But it was always a gamble and I have learnt from experience to manage risk. However, I didn’t de risk because I like most of us believe it was and still is a compelling product.
My point is at this moment in time some maybe going through a difficult time financially, hopes and dreams crushed with what SNG would bring. But don’t beat yourself up, there is always a future and I promise from the lowest of the low you can and will come back from this.
I still believe the product is good, the trial was a mess and badly designed. A larger company will look to take advantage of the current dilemma. So a major pharma can now buy this for maybe £1 rather than £10+ and get the same product and deliver a much better trial amd therefore outcome. The blessing is that there is cash in the bank so there will be no fire sale.
I was doing good on SNG and like everyone the signs look good. I thought the other day will this still be relevant in a less Covid world. But then I thought there will be new lung based virus’s that SNG could help counter. Today has been a bad day, but you need to ask yourself is the product bad or the testing regime for P3. I have decided to double down with break even about 88p. How quickly will recover or not will be based on what Polygon have done as they will have the ear of the company. If they are still on board then that could be a good sign.
Financially, I have lost the profit across a number of shares I made money on last year. I had never really thought about what I was going to do with my £20 SNG shares, so all I have lost is money and not dreams.
Keep those dreams alive, yes you can’t buy a campervan, but hire one. You can’t go on that expensive holiday so what it’s the people that you are with make a holiday. Can’t afford that new car so what get a secondhand one. We all have dreams but the place you make those dreams come true can how you want them.
Well the question is do you hold on and see if you can recoup losses, average down, or sell out now. I can’t advise you, but I have double downed at 18p today. Which means my average is high but not as high. Truly believe that 60-70p will be back in the next few weeks.
I went to see both Matrix and Spider-Man at the cinema over Xmas. There is no way you could get the experience on a TV. Also it was £6 a ticket, a pint coat £5, so good value for a night out.