European MoH opportunity26 Mar 2021 11:50
Ok, it’s scary when we have a drop like this and I have just seen a 100% paper profit largely disappear, but I have not sold on the way down because it’s clear to me that there is the potential here for news to drop anytime that could blow this share price out of the water in an instant. When that happens, it will not be possible to buy back in except at a much higher price. As just one example, the MoH opportunity is clearly still very much live and could drop at any moment. Imagine what the news of a contract generating double digit millions of revenues would do to the SP! Now, of course, there is the risk that the news could be that it has fallen through. That would no doubt cause a significant drop, but that is the risk of investing in early stage companies like this. Even if that happened, the company would still have excellent prospects and I am confident that the SP would eventually recover and deliver me profit, even if that takes a bit more time. I thought the presentation was honest. Sure Covid has hampered sales in a number of areas, but it has also opened up the potential to transform the company in a very short space of time. So, I am relaxed. All just my opinion. GLA