“… there are wolves out there that love to eat unwary dreamers”
Indeed, there have always been and always will be. This is the reason one conducts a DD on businesses before investment to establish the facts and seperate them from the "Dream".
Now, in the case of BTX – some of the best minds in the field pour in their collective wit to generate progress in the field. There are Peer Reviews to support it and, more importantly there are mid stage clinical trials clearly showing the incredible benefits of the treatments, such as the Spinal cord paralyzed patients regaining uses of hands (AST-OPC-1), Cancer blood tests showing incredible accuracy (Oncocyte tests) being prepared to commercial launch, Aesthetic products lasting over 6 and 12 months in the face of very sick patients (Renevia), and much more.
Current income is very low, and none of it is connected to these products, yet.
This is the heart of the investment thesis. Within one or two years, a steady increase in Revenue will begin as novel products will reach approvals and meet desperate clients and physicians. With it will come margin expansion when the market realizes this is powerhouse of I/P and generator of clinically safe and effective novel therapies in a field that is yet to get approved by the mainstream.
There are ALWAYS RISKS. (risk of failure, of delays, of dilution, etc. Read the risk factors in the 10Ks). Heck, Research and development are very risky investments! Do not invest more than you can comfortably lose! But investing is mainly about finding cheap assets compared to their future earning power/Assets, either today (“left for dead” value investing ) or in the future (“yet unrecognized” Growth stocks).
I remember buying Activision Blizzard when everyone and their sister avoided gaming stocks “because of piracy”. I got to buy at 9$ per share because I recognized the Digitalization of the business, its online nature – safe from piracy and its future earning power. It is close to 60$ today, and barely getting started, with many future years of growth ahead. When you recognize explosive earning power before it is booked in sales, you are in for a treat!
About BioTime - I did the work. I think the tradeoff between risk and price/return is very good now. I voted with my money. There is steady progress made. Within 5 years, I estimate 3$ per share will be but a far memory, similar to $ATVI. I may be wrong. Have been wrong before. But I feel very confident the value is there and it is going to explode for many, many years.
I am very sure you will be able to tell your grandkids how you came across BTX. I hope you will be able to tell them much of the family wealth was generated by the decision to study the business deeper.
Its very easy to be weary of risk and so become paralyzed. It is the way not to generate wealth.
Investing in BTX sue to dream is not the right motivation, which is studying the business carefully, doing the work and investing the time it takes, building confidence and putting the resources there to back your work when you become confident in the future of the business
I found you can make millions that way.
Now, do YOUR Work and decide.
I leave this here to help others see what I see and perhaps build their confidence and understanding about this unfollowed little gem.
