Monday, January 30, 2017 10:57:41 AM
Lots of what you say is spot on....the science looks good etc. It's not so black or white with management and some of what has happened here is down to external factors and some internal errors of judgement. Nobody is perfect and has the golden strategy of proven success. We all make mistakes. It's how you react to taking a wrong turn that ultimately will be the judge in this case....
The big question for me is the silence and investigation.....and that has had a long since expired shelf life before damage to the stock price and was a huge gamble when it was decided not to defend any attack as it was used to control the stock price. We find ourselves on our knees as a business and so one has to ask did the strategy work....not as far as the market is concerned and that is the ultimate judge over any of us.
We are where we are for a reason and I think it reasonable to conclude that some of the blame lies squarely with management as they run the ship and are paid to deliver shareholder value. We can all love the science but commercially for me the business has gone too far down the wrong road and if it fails to get the science to market quickly enough then it will fail....end of story. Others will benefit but it won't be retail shareholders. It all comes down to the science but we should never have been at 40cents....ever!
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