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Well I am in the same boat too with hefty losses in both Synairgen and 4D. I started investing in AIM stocks two years back. Second half of 2020 and first half of 2021 was brilliant, made almost 40% return. Since then just been in a downward spiral and have lost not just the 40% gains but also all the profits I had additionally made before I got onto investing in the AIM stocks from holding high quality investment funds which I had divested away from.
Last six months have been nothing but stressful seeing my portfolio bleed everyday. Two days back the value of my ISA portfolio reached the same value as what I have added each year so far ever to my ISA. Had enough that morning and at the risk of losing further money and for the sake of my own sanity, I gave up and sold all my 20 or so AIM stocks including 4D for which I booked a 85% loss as my average was around 100p.
I was at least lucky to salvage a small amount back from 4D but I really feel for all investors who kept the faith. Even after selling 4D I had thought to myself this was going to be one star which I might regret selling someday. Unfortunately taking on debt with no income stream has really killed it.
Well he definitely seems happy and not worried, with £25m still in the bank there is nothing really to worry about for another few years. No mention of any engagement with the regulator for the next step, and the talk seemed to be around helping people in the hospital. Well if you really want to help the 300 odd people dying everyday the first thing would be to apply for an EUA urgently. Leave it to the regulators to decide if the deep dive data is good enough for an EUA, don't pre decide yourself.
Isn't the Company supposed to release material news as soon as it is known and surely they must have known what they are disclosing on Monday for the last couple of weeks? That said to me it almost seemed like they may have held back on the Delta and Omicron in vitro news which to me was significant and unforgivable so it seems they just do whatever they please anyways.
I am still divided for anything statistically significant to show up and it might be trends at best for some cohorts which might not really do much for the SP or even be a negative given the price has held well for the last few weeks.
Will be more than delighted to be proven wrong if we get a nice surprise for once.
After the shock on the 21st of Feb which I have just about recovered from, just praying Monday doesn't give another share price shock as I am barely clutching on straws and stuck here with huge losses like all other LTHs. Time for the management to deliver or otherwise ship out if they cannot create shareholder value.
There seems to be a lot of 50-100k trades plus a number of large chunks being bought in the last couple of days, so doubt this is punter money but who knows.
Agree with you though on the management point of not buying in with their own money not inspiring long term confidence. For me though I still think it's massively oversold and so presents a good opportunity to average down and derisk at some point of time in the short or medium term once it reaches a decent fair value market cap of £20-30m which is where I would put it given the significant cash value.
For the first time in many days I am actually getting an offer to sell all my holdings, when this was NT whenever I tried. Interesting to see some chunky buys as well since yesterday. Let's hope this is finally a precursor to some genuine good news for us long suffering shareholders.
"The findings, when presented at ATS 2022, will also be made available on the Company's website."
So essentially the market will only see these results at the same time but not before? Isn't that contrary to previous RNS where they were to be disclosed as soon as ready?
I am just hoping some genuine transformative news lands in the next few weeks. Just topped up a small amount and further lowered my average as can easily do a 2-3x from these levels and still be valued at £20-30 million only. While nothing is guaranteed it is so oversold in my view that this presents a good opportunity from purely a technical trading perspective.
I am generally in the red being 40-50% with most of my investments along with OMI, but here I am less concerned. Definitely would prefer to be on paper profits than paper losses, but it seems to have been negatively affected by the same market sentiment as other small caps. Unless there is some genuine negative fundamental changes which would definitely be concerning, if it is just market drift I for one see it as a great potential to keep adding more the further it falls. I made a lot of mistake going all in with a lot of other stocks early and regretted later, but hopefully those lessons learned will prove handy with OMI with some spare cash I am keeping on the sidelines.
Just looking at the charts, I suspect the bottom could be somewhere around the 5-6p mark last reached on 30th Sept 20, as that was the start of the massive spike to 46p within just a few days in Oct 20. Since then it's been a case of slowly drifting down with spikes in between, but the trend has generally been downward since 46p was reached.
I first bought a small amount of OMI at 24p and have been averaging down since then with every few pence falls as I see it as a long term play. Have kept a little more fire power ready in case if it ever reaches the depths of 5-6p otherwise happy to stick with what I have.
Hoping we are not too far from a good solid rerate once the bottom has been reached which it one day surely will and one which is built on solid SP support gradually building up rather than huge spikes this time around.
Can't believe the day has ended in the red again after today's RNS. It seems any news whether good or bad has the same effect which is to drift the SP even lower.
This morning after reading the RNS which I would treat as a sign of some positive progress in a new market but nothing massive I seriously thought we will finally be at least off the bottom of 15p after the big selloff and be in touching distance of the low 20s with a mini bounce if not more, but that's evaporated too.
A very balanced post MrCost which very much aligns to my own views of where we stand.
I still think we have a good product and we started off impressively well when the pandemic started to be one of the first ones off the mark with our Phase 2 trial.
Unfortunately it's ended up to be a case of biting off more than we can chew with trying to carry out an expensive time consuming complex multi national trial. The inexperience and naivety of the management has really shown up in trying to move to the next stage where it has currently resulted in a complete destruction of whatever shareholder value was created following the phase 2 trial success.
It's sad that we are stuck at a stage where we are now generally happy with even reaching break even with our investment and are hopeful of being rescued
by a takeover at a couple of £100millions.
I have added a bit more since the phase 3 results came and also traded small amounts a few times, but it has only been as I am stuck and to try and recoup whatever I can and to get my average lower for an easier exit.
Still hopeful the story has not completely ended and I will recoup my investment but the days of the drug ever being worth billions for this Company has long gone.
In hindsight I don't think I invested in the wrong product but perhaps I invested in the wrong management.
I think we are still trading at a small may be £2 odd million premium to cash rather than a discount, given we had about £10m of cash at Sept 21. I think burn rate may be £2-3m so slightly higher than the £1.5m over 6 months based on the last set of half yearly accounts given all the clinical preparation work done. All a guess though until the end March accounts are published.
I have a similar experience as well.
Whatever I have invested in as a long term investment and holding for the last 2 years has lost me money, overall 50% down. I have about 15 such shares in my portfolio.
I have traded a few other ones where my confidence level on the company is essentially non existent, and those are the only ones I have actually made any money.
I have a 5 year horizon on my long term investment, but definitely doubting myself based on the huge paper losses even after averaging down a few times if it actually will be worth it. Perhaps I need to take the emotion off and just trade and forget about the big gains potential which may never actually happen.
Thanks, was anything mentioned today on the share price collapse and future fund raises? The crash is worse then I thought it will be this morning and there doesn't seem to be any support.
The company has got £25m cash, and the RNS says they will require even more funding in the coming few months. Can't get my head around when there is already so much cash available. The SP is just going to get hammered, really disappointing.