The other product Transfection Reagents, Starpharma is looking for another partner.
10 April, Dr Jackie Fairley appeared on ABC TV “The Business”. I thought that she gave a great interview and I since googled her achievements.
What I do not understand?
1): Share Price: reached a high $1.88 back in the week ending 30/4/2012 during the early stages of VivaGel. Massive drop to $0.95 26/11/2012. Lowest recent mark $0.535 19/6/2014. I was seriously considering a very small parcel. Now at $0.72 for a company that hasn’t turn a profit yet?? How did it go to $1.88 back in April 2012?
2): Robert Thomas buys 50,000 units 23/6/2014, another 50,000 units 24,000 24/6/2014 which is fair enough considering the low price for this year. Dr Jackie Fairley sells 220,000 @ 25/6/2014, 40,000 @ 26/6/2014 and 100,000 @ 27/6/2014. I thought if Dr J Fairley is selling, maybe there is another drop on the way??? Another reason why I never took action during late June, early July.
Allan Gray is a substantial holder. They must see something I can’t see. They are contrarian investors.
My next action??? Just sit, watch and wait for their annual report??
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