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Re: biosectinvestor post# 221020

Tuesday, 04/02/2019 9:25:08 PM

Tuesday, April 02, 2019 9:25:08 PM

Post# of 725385
Indeed, Bio. This is a very long term investment. And as Cherry Tree stated, even if the results are positive, the MMs are prepared with all sorts of arguments as to why the results will not lead to approval, etc., etc. And the more time that plays out to top line announcement, more uncertainty builds and greater volatility to the down side. Even if approval issues, the naysayers will be prepared with all manner of arguments about commercialisation, incompetence and lack of credibility of management, etc., etc.

Like a pit bull, these forces have bitten in and won't let go. They have powerful jaws and enormous resources. They will never give up. They can get to anyone with an "envelope" or a thinly veiled threat. Even LG has said this. They are a nasty bunch. The science may be good for patients but the investment may not be good for shareholders. Hard to see how you can win in the face of all this.

But one thing we agree. This is a long term investment. However, with all the dilution, and still to come, and market forces routinely "turning any good news into bad", I don't believe the ROI is worth the patience. We are closer to our Proxima Centauri destination with pedal to the metal but still far beyond reach. But, by all means stay the course. We just have different viewpoints and that is what makes a horse race. JMHO.
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