Avita Medical Ltd (RCEL)

[artfulife]

As much as I admire RECELL, I'm throwing in the towel. I've been told the goal of investing is to make money and I've lost plenty here, hoping the world would recognize this revolutionary burn therapy. I've heard lots of blaming, and cheerleading, and maybes and wonder-ifs, but I've grown weary as the share price sinks lower and lower. I tried nibbling under $10, wanting to believe that the world, or a big pharma company, would wake up and take notice. Sold it all this week. Fact is, for now, there are better opportunities elsewhere.

I sold the bulk of my shares when the sp was just under $18. My wife, however, refuses to let me sell her long shares (average cost of $7.86).I've watched as her substantial gain has dwindled to nearly nothing. Her RCEL only represents less than 1% of her portfolio. Nevertheless, she is stubbornly sentimental and loyal. She also rescues cats and dogs, and old men like me. Good thing!

Good luck to all you stubborn longs. I mean that. I hope there's a $40/share buyout tomorrow or a breakthrough with vitiligo. Avita was the first stock my wife and I bought together. I'm a little sentimental about that. But I married HER, not Avita.

And, I made one of my very best friends on this very board (RIP, Jugs). What's that worth?

I'll check in from time to time, well, just because...

Best wishes to you all,
Ken