RE: So much defeatism..12 Nov 2023 19:36
Keepplugginaway , to be honest Novacyt investment was my first ever investment in a share company. I was naive , and that I hold my hands up for that . I had significant disposable capital that I wanted to invest in a company that would bring significant growth. You may say greed, fair enough , we all become greedy when it means making money. In October 2020 I saw the Graham Mullis interview and he stated Novacyt will become a mid cap company. I therefore read a lot about Novacyt , read that they were the first CE marked covid-19 PCR test in Europe, and had been first responders in other previous outbreaks. In my foolishness I put in £250K straight into Novacyt . That was in October 2020 . I then started added more money into the share with time because of hype [ ggg21 & porky9 etc etc ] & the fact I was convinced Novacyt would become mid cap . Then came the bombshell 9th April 12:30pm RNS from Graham Mullis that they were in dispute with DHSC . The share Price tanked so fast from £10 to £4.50 that I could not cash out my money from Novacyt. It left me stuck , I remember at around £7.80p . Since April 2021 I have been chipping money into the share to average down. I got it down to £6.10p but at my expense of £660K.
I agree very foolish . There is no need for me to lie about it.
You are right , i should have invested in a blue chip company where my money would have been protected.
That's my sad story . Believe it or not , no need for me to lie. I think me telling my story , someone out there reading this can learn from my experience and not be so foolish and stupid. Hence why my previous title ' AIM is a gamblers paradise ' .