PharmaCyte Biotech Inc (PMCB)

[concordia]

You can spin KW's CC any way you want but the facts are that he has been here for three years and for those three years has been promising trials soon. Now I can understand delays for events that happen with bio techs but the excuses that we hear from KW are ones that show why he seems to be in over his head as a lawyer running a bio.
1-We didn't realize the population in Australia wouldn't support the P2B so we had to start all over again with TD2.(A CEO of a bio tech doesn't know this?)
2-Austrianova needs to complete the process of Cgmp before we can move forward with anything. (This after announcing two years ago that trials would start in 2015 while knowing this was impossible because there was no way to produce cells)
3-We will be in clinical trials for diabetes in 2017. (Meanwhile his own team is writing an article saying human trials are 3 years away)
4-We will know trial locations in 2-3 weeks in an interview 8 weeks ago!!
5-Its a biologic so we have to make sure everything is perfect before we go to the FDA. (a)what have you been doing for during the 18 months waiting for Austrianova? (b)You don't know this information? Haven't you been telling us for three years about the previous clinical trials? Are they so old that this data was not required back then? Were these trials even valid? Is this even going to be a P2B or is the FDA going to say no start at P1.

So you tell me has he been lying or is he just out of his league!!