RE: Proactive Forum 1/11/1816 Oct 2018 11:15
C7, good morning. Taking a break from some DIY. Hoping your appointment goes well this week. Amazed to see the sp sub 10p but there is always a danger to judge how good or bad a company is doing based on the sp performance. Of course both are 2 different comparisons. I did post on IMM that i'm sure the pressure from the shareholders breathing down their neck is the tradeoff the Bod's have to put up with to fund their progression. Scientists rarely see the financial gain as the 'holy grail' but see their research and development as the driver.
Sadly, biotech companies issue timeframes through naivety without realising the consequences of what they say further down the line. The markets and science are 'poles apart'. Other companies I follow have done the same, MTFB with their NDA statement and HVO with their FLU-5 statement. The common factor normally being companies finding themselves in new territory due to the science and technology being a success.
Upon commercial success, investors may look back on reflection and think 'I wish I had bought in when it went to below 10p'. However the frustration will have gone knowing the rewards coming to them once the ultimate goal has been achieved.
Rambling on a bit, so back to my lime mortar. Will light a candle for you tonight in the towns cathedral.
atb, leas