RE: Realisation24 May 2025 09:57
Monteacute - it’s certainly preferable if posters on any BB are actually invested. I suspect many aren’t, both here & elsewhere.
But I wouldn’t say it was necessary to view averaging down as your “subscription to be allowed to contribute to the BB.”
I bought into IMM in a relatively small way before the first P3 trial & again a few years later when there seemed to be a few glimmers of hope, despite the initial trial failing to meet any endpoints.
Since then though, I’ve concluded IMM’s management is way more concerned about their own welfare than shareholders’. I’ve also learned - the hard way - that Tim’s career is littered with promises that never get delivered and companies that fall by the wayside, including some that have collapsed completely.
There is still a faint glimmer of hope here in my opinion, but I see the odds as heavily stacked against us now. The only reason I continue to hold is that faint glimmer. Plus the fact the value of my holding has been eroded to such an extent, it’s hardly worth selling any more.
That conclusion persuaded me not to throw any more good money after bad. And I certainly don’t regard myself being less entitled to voice my opinions about IMM or Tim as a result. If anything, quite the opposite in fact.