RE: SP 7P7 Dec 2019 23:15
Please, will some kind person explain the following?
We appear to be 'under the cosh' of persistent selling, and quite large share volumes, 8 million-plus on Friday, are being dealt in.
If NFX really is good as the majority of LSE posters think it is why is the share price falling by day?
It is often stated here that sellers who are unloading large blocks of shares are idiots.
If I had bought a line of shares at around 2.00p I most certainly would be taking some serious profits particularly so since the management of the business appears, so far at least, to have been unable to collect the Chinese debt that is now past due.
Also other than a lot of optimistic talk about possible future deals, there does not appear to be that much happening, that is of course outside the laboratory.
The possibility has to be faced that despite hopes having been raised it may take a few years for the business to properly come into its own, and even then, products and processes are continually advancing and a competitor may come up with something that is better in some way (the Chinese?)
Invention and subsequent progress is the story of the world, in fact NFX is a prime example of this, having taken old tried and tested patent-free drugs, NFX through the application of brilliant science has seemingly extended their curative applications.
As matters stand the whole situation still appears to be a punt, this will probably continue to be the case until there is a proper announcement of a deal, one where we will get paid all the monies we are owed, that is from the getgo until the end of the agreement.
I apolgise if this post upsets the considerable 'Dan fan-club', it is most certainly not my intention to do so, on the contrary, whilst Mr Gooding is in charge he has my total support, after all we do have a common interest.
Rather my intention is to try and understand why it is that we are in a period of non-stop selling when the share price should be somewhat higher.
Is there some factor that is unknown to us - or what?
I am a shareholder.