Trading can certainly work with imu, especially if you are buying and selling a million or two at a time.
This is a bit unfortunate for me, because it's probably this trading that's stopping the mkt cap getting to my $300m minimum valuation.
I am not trading.
Why, well a few reasons. Tax is one. I am already paying a heap, and the 50% cgt reduction is a massive thing for me each year.
Another reason is that I believe it's undervalued. I'm not going to sell a dollar for 20c.
But I also believe that a trading halt could happen at any time, as efficacy news or a deal/takeover could come at any time. Of course it might not happen.
But if we use that 6x upfront example, and possible 19x with milestones deal that was posted on here a week or two ago, those 450,000 shares sold to chase $3k could miss out on being worth $90,000 to $280,000.
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