Yes, really. It takes years. The company is new. The tech is new. Years is what it takes when you invest long term in a start up bio-tech. You should expect it to take years to see a return on your investment. Of course, you hope it takes sooner, but you have to go into it with the mindset that it will take years. If you can't accept years, then you will drive yourself crazy.
Being one year in, gets you Long Term tax status. That's it. Being in one year doesn't mean anything else. Completely insignificant.
In Biotechs, you expect your ROI to be huge. You also know that when investing with biotechs, you sit and wait, and wait, and wait for that ONE day when everything comes together. That ONE day out of 364+ days. If you don't have the patience to wait it out, then you don't trust your DD. If you trust your DD then those years you wait will be easier. Those that don't have the patience, also, are those that usually invested more then they could afford. Having that money tied up for so long hurts and is stressful. Once you start counting days, you need to rethink your strategy. Maybe sell some to get to a point where its financially easier to wait.
For us, right now, there are high odds that we might get news of the details regarding the partnership deal within the next few months. There are also a couple of other potential news bits that can pop soon as well.
Complaining about 'time' here, is akin to a kid in the back seat of a car, on a road trip, asking their parents "Are we there yet, are we there yet, are we there yet?" every 5 minutes.
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