It seems some of you guys have grown attached to the stock, and that's really not a good thing.
I am constantly assessing the situation and make adjustment as appropriate. IPCI from what I've seen simply doesn't warrant a large position. Even at these levels, I'm not considering buying but only holding the 5k or so shares I did not sell.
Some times ago I said that when looking at a long investment you would look at the company pipeline, look at potential market, look at funding and finance, and you look at the CEO performance.
From last June Odidi did alright submitting Rexista and signing deal with MNK. Talked about PODRAS development earlier this year.
But, unfortunately, he didn't deliver much more most of this year. And when I look at a longer period of time, the past 4-5 years, overall picture doesn't look too impressive either. That unfortunately will not win support for the stock. So, wait is see is pretty much what I am doing right now.
Don't miss other opportunites out there.
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