I've been acquiring shares for a few years, now, and I've never thought I'd post, but I just have to shake my head in appreciation for you, WIV. You and a few others have contributed such valuable (otherwise VERY hard-to-get) information and thinking to the forum and have kept some of this conversation constructive. My hat is off to you.
Allow me to offer something here, now, to this long-suffering group that I hope is at least encouraging - for whatever it and the company's penny-stock shares eventually prove to be worth. And that is that in my thirty years of investing, learning entirely by the seat of my pants and making my fair share of (not-too-terrible) mistakes, there have been three times when I've been stopped dead with a that, "Whoa - this company HAS something."
The first time was back in about 1995 with Citrix Systems. It was a little company of little note that made the news one day (in four little lines) for its stock plummeting something like 75% because Microsoft suddenly decided to play hardball with them. I looked into who the four guys were who'd started the company, and after that blew me away I understood that Microsoft was messing with some of the smartest programmers ever and they were playing hardball for a reason. I didn't have a lot to invest, and I had to be patient, but I made a bundle; the gains lasted me for years.
The second time was about seven years ago with AVII Biopharma, which I saw had a type of RNA antisense biotech cornered with its patents and was having some stunning but unheralded success in the lab. I had a little more to invest this time, and the experience was a rough roller coaster ride (mostly down) for 2 - 3 years, but back up they came - renaming themselves Sarepta Therapeutics. There was a day one summer when its MUCH-higher share price tripled, going from $15 to $45 and scoring the largest single-day gain in U.S. major stock market history. I bailed (I'm GLAD I bailed!), and I made a far bigger bundle.
The third time?
You guessed it. And yes sir, this could well be the time I prove myself capable of being a real dumb ass with such long shots, but I think not. Every time I re-examine what's been happening with AS, I do see some critical progress having been made - with stumbles, but also with light, now, I think, at the end of the tunnel. Dr. Shannon doesn't use the word "standard" for nothing. Think about what that means, everyone.
I'm hanging in.
