If Pascoe says Abbott will launch on June 1st, and then Abbott has some minor issue that prevents it, Pascoe looks like a liar and Abbott looks foolish. Neither company wants that to happen. Abbott is the 400 pound gorilla and Apricus is the 2 ounce mouse trying to get it to move. Just doesn't work that way.
I used to work for a large insurance company in their IT dept. We rewrote a huge system for our auto insurance product. We thought it would take a year and a half. After the system was put into production (a year+ late), we realized that it couldn't handle the volume of transactions the vendor led us to believe it would be able to. We had to throw out the entire piece of junk. Over a hundred million+ dollars in the toilet. Yes, a hundred million. We built a complete new system in-house. It's the best of any system supporting the auto market- but it takes time to do things right.
Until Abbott has product on drug store shelves, there won't be a launch and Pascoe would be hindering the entire launch process by saying anything more precise.
You know, even suppositories have to be stored in the frig, as are many other medications. I don't see the cold-chain product as something anyone needs to be ashamed about. You take it out of the frig, go to the bathroom and apply it, and you're off to the races in 5 to 15 minutes. The PDE5 tablets take 30 to 60 minutes to work, (when they work), depending on when and what you had for your last meal.
It would be great if Pascoe came out and said, "I wouldn't sell anything I wouldn't try myself- so I tried it and let me tell you, I could have starred in a porn flick!" But he can't say that (or can he?), so we'll just have to be patient for a few more months until either Canada, France, or Germany announce. Does anyone really think APRI will be a $2.00 stock a year from now? I think too much has transpired over the past year to allow that to happen. With over a million+ options dangling in front of the executives, will they let the opportunity of a windfall slip through their hands? I think not.
But as others have stated, it would be reassuring to see these guys buy stock in the open market, like every single one of us did. C'mon, Rich, go buy 25,000 shares at the market. You DO have faith in your own product, don't you? If Icahn can Tweet that he bought more Apple, you can certainly do the same for the company you lead! (And that goes for ALL the members of the Board.)