Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Less than a month ago, I dithered about buying additional stock on the basis of the price must surely have hit rock bottom. I decided not to do so. If I had, I would have lost c30% on that tranche. I find it difficult to imagine any existing shareholders, who almost certainly will be nursing sizeable losses, buying into this stock. At the moment, I have zero confidence.
In my humble opinion, this is not an issue if the total portfolio is c£5million.
Of course, the actual cost depends on the averaged share price, which is likely to be higher than the current price.
I have invested in Ceres and will likely increase my holding but certainly no more than I can afford to (comfortably) lose. I accept I will not make a fortune here but I sincerely hope those with a large holding do so. Put family first though. Good luck to all involved.
Perhaps things are just starting to happen here with regard to cashflow? No d/d since 27.01.23, which is close to four months. I feel that once (if) this stocks starts to roll there will be solid momentum. Three times this week I have placed a meaningful deal only to sit and watch the time tick down to zero to accept the price. This is unusual for me. I guess the reason I am dithering is when I think the price cannot go any lower, it does.
Just been taking a look at the d/d history. The period of time since the last d/d is out of sync with the past. Is this indicative of increased cashflow? Probably crazy, but I am seriously considering topping up at these prices. Time to put the kettle on.
I can fully understand the sentiments of the last three postings. There is quite a lot of upset here. I too am not pleased. However, Crescita are way out of pocket and with each further tranche of cash they inject are diluting themselves also. If they inject additional cash, in my humble opinion, they must expect this to eventually come good? You would imagine they are closer to the business than the average investor (gambler) For that reason only I will take a further gamble if they do so. I can afford to lose the cash because it is a gamble. At the current price, it will not take much to obtain a meaningful amount of extra stock. Okay, the lot could go, but there is history here that when the price moves higher it can do so rapidly. Just my thoughts and each to their own.
For what it is worth, I have averaged down here but have not gambled anything further for quite some time and will not consider doing so until Crescita invests more capital. Even then, it will be a tricky decision.
The last d/d was on 27.01.2023.
I would imagine a further d/d will be required in the near future?
Would you grant a further tranche?
If and when any additional cash is forthcoming, I shall take a gamble and top up. But, not before.
This is not a recommendation, just a roll of the dice.
Lets see.
With no news/guidance it is indeed difficult to assess matters.
Of late, the periods between draw downs have increased and the amounts taken reduced.
Does this mean an increase in cashflow or less spend on business development (or something entirely different)
Who knows?
For what it is worth, if Crescita feels confident to back them with a further injection of cash then, based on the presumption that they know more than I do, I will gamble with a decent top up, despite the obvious dilution.
Of course, it will be with money that I can afford to lose.
This is not a recommendation, merely pure speculation on my part.
So, quite a lot of us are out of pocket here, myself included.
Not much comfort I know, but, Crescita Capital current losses are eyewatering compared to mine
and, possibly, yours?
I will see this through to the end. Just hope it is not too bitter!