Trevena Inc (TRVN)

[lattices]

Thanks for the comment, shub. I'm uninformed so far on the pipeline, and I'm not seeing enthusiasm for it in the public venues when analysts can ask questions. As I learn more, I may come to appreciate the pipeline.

For now, I see the pipeline as a big negative; the old neighborhood friends living with us just after we signed the first big NBA contract. Driving our expensive cars and using our credit card for dates.

Share price would double or triple if the Company announced that it was going to sell or license Olinvo, and apply all the company's resources into additional efficacy and category studies for it.

Anxiety towards dilution resulting from paying for too many things by selling shares cheaper than the market price will cause the stock painful to own.

I'm hoping the venture investors on the Board, and key managers, want to make the best financial decisions. Unfortunately, even managers with stock options are conflicted between the jobs they have and uncertainty in a sale.

So, for now, I'm not happy sitting at dinner each night with the pipeline facing us, slobbing the expensive lobster all over their faces. Maybe when I get to know them better, I'll appreciate them more.