Punit's Tweet yesterday:
@PunitDhillon: A tough week @Oncosec this week due to unexpected external pressures... But we are not letting down & looking fwd to pushing ahead!
Vintage Punit.
Creating confusion and lack of clarity. "What" external pressures?
This guy is clearly in way over his head. Others have said that before me, and others will say it after me. IF he didn't have the family protection of his uncle (Avtar) in place there would undoubtedly already have been a campaign by major shareholders to oust him long ago. And the 0.37 warrants? If that's not a slap in the face to retail investors, I don't know what is. Gee, how hard are you going to have to work for that, Punit?
He's got a LOT to learn in terms of public relations and setting expectations.
Punit clearly likes social media. From that we can probably surmise that he checks "investor sentiment" from time-to-time at the various Investor message boards. It is hoped that he monitors this board on a semi-regular basis, or actually even gets a daily or weekly feed from it.
That being the case, I'm considering writing an open letter to Punit here and at other message boards. And I'm not even a shareholder anymore. But I feel for the folks who've been led down the wrong path of unrealistic expectations. It has no doubt cost people a lot of money either in real or paper losses. That hurts. But what hurts even more is the opportunity cost which many have missed as biotech explodes elsewhere. You don't get many opportunities like this in a lifetime. For those who tied all of their money up here it's a missed opportunity on a grand scale.
I'd like to see more tangible results from management. And transparency with CLARITY. I truly don't believe they are doing enough with the $30M they have in the bank. It's definitely job security. For awhile. Or until the next dilution.
GLTA.
