RE: Undervalued11 May 2022 13:58
'They seem confident there will be no liability to the Dept of Health' - I don't see what alternative they could have portrayed, considering the current state of affairs. Any negativity surrounding this issue would possibly killed off any sentiment left. Hopefully there will be no requirement to pay.
'The company needs to deliver to remove the negativity' - therein lies the problem.
'eventually new investors will replace them' - if research was done prior to investing, without a substantial turnaround, who would be willing to invest their hard earned here taking into consideration the behaviour of the company eg tweets, sales of shares by Board members at the time they were promoting a very prosperous future for us gullible PI's (of which I was one), lack of knowledge of a potential company making contract etc
'and sentiment will turn up' - without the actualisation of delivering, I feel that 'opportunities', 'prospects' and 'potential' and the like will not create any positive sentiment, with the exception of the thick lensed rose tinted brigade.
A buzzword laden presentation, is all well and good in an interview but unfortunately the reality is that the company need to deliver and quickly. Action speaks louder than words, so the saying goes and that has been the issue for the past 24 months.
Hopefully they can deliver but my lack of confidence is such, that although the low SP affords an excellent opportunity to average down, I can not bring myself to do it. Like Freddie I have a drawer full of the bleeding things and am just waiting a huge reversal in fortunes or more realistically the lack of the use of a drawer for many years (if they survive that long).