Personally I think launching a new product is hard and I don't think ad hominem attacks on the BOD are justified. I'm obviously not thrilled to be down on my investment, but I am impressed by the potential of the technology and willing to wait. I am not down by as much as many other PIs, I think my average is about 1.8p and I'm tempted to top up further, but I am not sure I want to sell any other holdings just now to increase my holding here.
RE: 10 bagger here on contract news23 Apr 2021 19:10
I completely see your perspective JP. And I am personally grateful for the effort you put in. I am sitting on losses, though nowhere near as far down as many PIs. My feeling is that things generally take *much* longer than anyone guesses when you are doing something completely new. And as someone else commented there are some complications in getting the necessary ducks lined up: volume production outsourcing, big contract(s) for big customer(s). And someone else commented today that the UK govt PPE tendering scandals may be a factor in delays too. I imagine InnovateUK are pretty firmly behind the mask but obviously they are not in charge of NHS tendering.
So I am still optimistic and expect this to come good. And in the meantime I am happy to have been able to buy masks for myself and my nearest and dearest. For me this a *huge* positive. I have a very dear vulnerable friend who has been assiduously shielding and the mask feels like light at the end of the tunnel.
I guess academics routinely use words which normal people don't understand. I was nonplussed by this word in the RNS too. I am happy to offer translation services to the BoD, translating science into everyday language is a core part of my day job.
Yes, I've been tempted too, but have a pretty big position here. Am sitting on a capital loss approaching 30%, but not too worried. Have had good dividends which partly offset the loss and I do expect this to come good. BH does seem to be very shrewd.