I am letting the board know I have sold out of my entire Todos position this week. I don't know what the future may hold for Todos, or whether shareholders will ever hear anything more from the insolvency court in Israel, but felt it was time to end this investment journey (or train wreck as some will claim). I followed Todos for several years and despite all the setbacks and changes in political environment that favored big pharma over smaller companies like Todos with better solutions, I kept investing here. I'm now at the point of taking my loss and moving on. I have taken the proceeds from exiting Todos and bought more Novavax, where I already held a position.
I take full responsibility for my decision to invest in Todos. I'm not blaming the CEO or anyone on this board. I truly felt this small company had a chance at success. I didn't agree with every decision Gerald made, but felt he was genuinely trying to make this company a success. He was aggressive in pursuing avenues the government indicated they would likely fund (such as mobile testing and widespread PCR testing). In hindsight, he probably pursued too many different avenues for such a small company. From what I've read about Amarantus, he tended to do that there as well. The point is, I followed his actions and the company's progress and made my own decision to invest. So many people today want to blame others for their decisions when they turn out to be the wrong decision. This was my decision and my ownership of the outcome. You absolutely won't see me posting here for years crying about my losses. I invested a lot because I felt I was in a position to do so without wrecking my finances or my life if it didn't work out. Investing in penny stocks is high risk and I knew the risks involved. My decision to invest — my ownership of the outcome.
I'm not making any recommendation as to whether shareholders should remain invested or exit. For me, this years-long journey needed closure and I wanted to move forward with a greater investment in Novavax. Everyone has reasons for their decisions. Life goes on.
GLTA
