Nnyck777
So doing my part as a Polynovo share holder today! I had a skin cancer surgeon as a patient and just casually asked about whether he uses temporizing matrix scaffolds in his work. We had a great chat. I mentioned what BTM and MTX was achieving in burns and wounds and even told him about the recent finger crush injury paper. He was very interested and asked me to write the name of the company down.
Just spreading the word one surgeon at a time.
loshell
@mikebrisy "My first thought is, of all his potential sources of capital, given that he offloaded $PNV, what does that say about his view of the near-term propsects of the company's progression?"
Perhaps it says that other likely sources of capital are seriously in the red. Exhibit A: MVP
Nnyck777
God talk about an over-reaction to DWs selling. Down 14% at time of writing. The volatility and negative sentiment in this market is huge right now. There certainly weren’t 14% upswings with DW buying on a single day. He sold to purchase a house. He put so much of his own capital in over the last 12 months on market, a small sale is not a sign the sky is falling.
I sold a lions share of my private holding at $2.37 which was utter luck. I wanted to free up capital to purchase another stock. I did this never thinking I would get to buy in under $2.00 again.
This market is crazy…..those camels are looking good.
Nnyck777
God talk about an over-reaction to DWs selling. Down 14% at time of writing. The volatility and negative sentiment in this market is huge right now. There certainly weren’t 14% upswings with DW buying on a single day. He sold to purchase a house. He put so much of his own capital in over the last 12 months on market, a small sale is not a sign the sky is falling.
I sold a lions share of my private holding at $2.37 which was utter luck. I wanted to free up capital to purchase another stock. I did this never thinking I would get to buy in under $2.00 again.
This market is crazy…..those camels are looking good.
Rick
I have reduced my holding on Strawman and sold all IRL, and it was one of my larger holdings IRL. It’s not that I don’t have high conviction in the product or the business. I still believe PNV has an incredible future and has potential to change the lives of millions of people around the world. The runway for growth is incredible.
The only reason I sold PNV was based on valuation. That said, I often get the valuations for high growth businesses horribly wrong. At the peak of $2.70 in February on my calculations sales growth needed to be 100% per year to return shareholders 10% per year (shareholder equity is 3 cps).
An annual growth rate of 100% is plausible, however I’d rather base my valuation on an annual growth rate of 80%. With an 80% annual growth rate you could pay $1.75 and get an annual return of 10%. An 80% annual growth rate is probable!
However, the share price looks like it is now in a downward trend and I think we are back to catching a falling knife. I got burned last time I built a position in PNV as the knife was falling.
I am keen to buy back in, however I’d rather wait until the downward trend reverses. The trend since February doesn’t look good. Today the share price fell below the 200 day moving average.
Disc: Held on Strawman