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Tuesday, April 22, 2014 4:48:37 PM
My opinion- if it's not in the SEC filed 10-Q/10-K or similar SEC document- it doesn't matter to me what it says. That's my opinion.
Look at the PR about "adding to the team" and then a few months later - the reality in the 10-K, is it's down from 5 to now 3.
As to outsourcing- you still need a sizable "core" group who still work for the company- in every instance I've ever been involved with. Consultants and similar need to be managed, as do projects, etc in order to be in compliance with the way the company wants business done, done to the company's core standards and internal policies, etc. The more you outsource- the more time you need for project mgt, meetings, oversite, etc. "Outsourcing" isn't some magic word, panacea "fix all" that just runs on auto-pilot; not by a long shot IMO and experience. Some of the worst projects ever boned up, were done so at the hands of "consultants"- they are legendary in industry.
One employee is the CEO- he is also acting as the chief financial officer among other things/duties per the way he signs off on the SEC docs. 2n'd is Comella CSO who is what, doing "webinars" and "talks" and "conferences" and what- actually running/managing FDA level trials AND overseeing R&D as the CSO all at the same time? Really? In the end- the "employees" are 100% responsible for compliance, regulatory, signing off on everything, etc- you can't pass off/pawn those responsibilities off via simply stating, "we used consultants, it's their fault". Doesn't work that way. You still need a "core" company behind the "outsourcing".
Further, as stated- what are they paying these "consultants" with? Seen the cash realities? I don't think consultants work for penny stock shares, like some of the other "deals" that have been done per the 10-K and similar documents. Most I've ever known want cash, and cash being paid on time. That's my opinion.
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