Current status: Up 54.19% for a paper profit of $115,982. Current RAC price $3.09.

Initially purchased 85,000 RAC on 15/01/21 and topped up thereafter for a total of $219k invested at an average buy price of $1.9911. Holding until at least $20/share which will net a paper profit of $2m in tendies.

Interested in RAC? Please note it's a speculative bio-tech stock and may yet prove utterly useless.

If you want more info about RAC here's 30 second summary for those of you with ADD:

RAC own the patent for a drug called Bisantrene, which was initially trialled in the 80s with great success, only to be left on the sidelines due to a limited application and cost of pursuing further research. It’s since been rediscovered and preclinical through to phase 1 results have so far proven successful.

As a company RAC are executing a three pillar strategy over the next 12-18 months with a steady stream of trial results coming through over that time. They've made it blatantly clear the aim is to get picked up by big pharma at the end of their phase 2 trials and that they're looking for maximum shareholder value™ in the process, as the board are significant shareholders.

If you want some more info on why I’m taking the punt:

HC thread here, which also has a stack more info as well.

Or you can get a rundown of RAC and their recent activities from the company themselves here.

Or if you’re a nerd a lot of the science stuff is here.

Or if you want to sign up to read/listen to an engaging interview behind a (free) paywall you can do so here

For those of you who can’t read good, and want learn to do other stuff good too, here’s Race’s CSO talking about the journey.

If you want to read a dumpster fire of a Reddit thread which presents some counterarguments it can be found here

Finally for those who want confirmation this stock will be a winner, this video is proof.

Once again it's a speculative bio-tech stock and may yet prove utterly useless. Just imagine how angry your wife’s boyfriend would be if you lost all your allowance gambling on a bio-tech stock.