Communication...24 Dec 2021 10:04
Message from the CEO of Deepverge which he posted on the DV BB...and DV has two products containing our affimer...
'Christmas Post
There is a difference between price and value. It is easy in a private equity backed company to take the time to turn a company around, build out the innovation because the financial backing has a long term perspective.
The public markets are expecting linear progression, with no negative downside. That is perfectly okay with a company for instance in the FTSE 250 where profitable companies grow precisely in that fashion and risks have been removed.
But, then there is AIM and my career is built on taking failed and failing life science and engineering companies and turning them around. That means almost starting again, or worse, starting from below zero, with debt. Then add innovation, new business models, new management and new investment, first to survive and then to grow in a new business model. That is not linear, nor is it always going to be straight forward and usually requires funding.
Getting it right leads to multiple returns of investment, but that takes years from start to completion. We are three and a bit years in.
Small cap institutional investors, family offices and HNWI's understand that, but new and even older private investors, some traders, don't, or simply don't care as they trade the uncertainty. And that is fine, I get that and bulletin board are filled with all kinds of investors with their own agenda. It takes all sorts.
The difference is that what I do requires a team and each investor, though friendly to each other, works alone with their own money. I grow businesses and all investors look to take advantage of the difference between the short term price and the long term value. The key to success is spotting the gems who can deliver, over time, rather than chasing the rainbows overnight.
Happy Christmas to you all, thank you for the support, even Muggins :-) and the very best for an exciting and fast growing New Year.'
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