Avita Medical Ltd (RCEL)

[jugs]

Yes, I know.

My participation in MLPs recognizes that I've made much more through capital appreciation than distributions. I don't usually hold an MLP position after gaining what I expected via appreciation. Distributions merely feed me while I wait for success to come home.

Avita, on the other hand, is a somewhat speculative play and it's important to me that I recognize its proper place in the portfolio. Not long ago I'd held 16,500 shares (post reverse split) of Avita and have since cut that in half, more or less. Being as I'm not counting on immediate changes in RCEL valuation I'm building positions elsewhere that will put my cash to work.

Again, distributions are nice but I don't need them. They are icing on the cake and the cake is appreciation.

Thank you for your input, by the way. Very thoughtful of you.