RE: Chart update10 Jan 2022 20:31
There's no way we're going to get a negative announcement from the readout when it's announced tomorrow or whenever.
What we're going to get is an announcement that will be shades of grey and it will be from very light grey to dark grey. Some kind of success is already built in given the 14 + years that this has been monitored and tested, the nebuilzer improved etc, even if some of that reported success was anecdotal.
Don't lose sight of the non-hospitalised trial under activ-2 which was moved to Stage III in the U.S. because those running it were able to see the results (unlike anyone else including SNG) . Other similar trials they rejected at Stage II. So, to my mind this is shade, light grey and which I'm calling 20% effective.
The Frenchman Dr Aurélien Mary, Clinical Pharmacist at Amiens, is running his own nebulized Interferon Beta 1b trial at Amiens - goodness knows what the outcome will be as far as whether it infringes SNG's patent - but leaving that aside for now, his trial is only phase II with 146 patients and due to get results March 2022, so we're well ahead of the game. But he has been positive right from the beginning of this pandemic, enthusiastically extolling the virtues of interferon beta 1b and contriving his own nebulizer.
Here is the trial link:
https://clinicaltrials.gov/ct2/show/NCT04469491
So, with this independent third-party researcher working down the same path as SNG, albeit later in the process, I give that medium grey and in my simplistic terms warrants a success rate of 30%.
So, in my simple understanding of the history of SNG, when they announce the trial results, they are going to be successful ! Because, as we have seen from other trials, even 20% will give us success and therefore at the very least, will protect the current share price, but more likely to be the start of a consistent rise - again that's even with just 20% trial results. It is obvious to me that with just these few historical facts, a minimal success rate, good enough to support the shareprice is built-in.
I'm not a gambler - so have only put up money I can afford to lose - even so it is a very substantial sum for an ordinary individual that is now riding on the forthcoming announcement. It is far more than I have ever done in 40 years of share trading and it is because of the most unusual and possibly unique circumstances that I have outlined above that have moulded my opinions. I doubt that I will ever get into a share like SNG and at this financial level ever again.
I'm looking forward to the announcement when it comes and remaining very confident - perhaps my comments will give others some confidence too. Good luck all long term holders.