PharmaCyte Biotech Inc (PMCB)

[1234jklm]

Let’s just accept this is lottery ticket investing

If it works it will be fantastic. If it doesn’t it will be worth nothing.

The technology is gamechanging.

As good as a Ferrari.

But a Ferrari badly driven is a write off eventually.

All the odds are against it and the management of the technology is in the forefront of these odds against it. They appear asleep at the wheel while they collect hundreds of thousands in salary no other company is going to pay them. And siphon off shareholder cash and future profits to austrianova. Follow the cash.

Nothing is as addictive as the hope for lots of money made easily.

That’s how Bernie Madoff lasted so long.

And kw is great at providing hope...even little leaks of it on his Facebook page. And hungry shareholders will always lap it up and cook it into a soufflé.

Im not saying the management are dishonest I’m just saying that it’s easy to be blind to their faults once your money is in and your hopes are high. It’s painful to face the reality of funds misspent and long unexplained delays, unanswered phone calls and emailed questions. But it doesn’t make the success of your investment any more likely by not facing red flags and reality.

For me November 1 looks unpromising.

The addition of Dr Tong to the board looks exciting but I think he’s just keeping his finger in it just in case.
Hopefully he’ll provide the cash and motivation to move it somewhere and give it a chance. We desperately need younger men in the company and better medical and entrepreneurial experience.

At the moment it’s unmotivated and a lottery ticket. And looks like a retirement scheme for old men past their prime.

Serious investors will know where they stand after November 1.

Patience only lasts so long.

Reality eventually bites.

The volume is low because everyone has bought their tickets and adding more isn’t going to change the odds.

People who threaten the bubble will always be shot but that doesn’t mean it’s not a bubble.

Success s based on actions and results not never ending promises