My thoughts on DOC. I've been in Hawaii for a few weeks so haven't been able to post. Back now, had a great time. Koko Crater trail on Oahu kicked my ass, but it was worth it.
It's really funny actually, how this boards attitude changes with the tide. A few weeks ago everyone was talking about multi-billion dollar market caps and buy out offers in the 10-20B range. Then the slow take down, expected by some, then the investor conference that most here had too high hopes for and now today and everyone's calling for Dan's head.
So say you're DOC and have this game plan developed. The science is proceeding well, just one minor hiccup but other than that things on that end are going well. You're putting together deals that are criticized by some, but they don't know all the details because you CAN"T tell them. In your mind they were the best option at the time. You've also, because you HAVE to, informed the board of directors of your plan every step of the way and most of the things you've done they've signed off on. [And let's not forget the're some pretty heavy hitters on the bod.] All this and the share price is down. But you know, because you have all the inside information on trial progressions, that approval is all but guaranteed. Perhaps you're giving it an 85% chance of EU approval by this time next year. And again, you've had these discussions with the bod. You've got plenty of cash to avoid another dilution [which really would put your job in jeopardy] so you have to find a way to reassure your investors that all really is going according to plan but things take time. So what do you do?? What do you do??
Simply put, you put your money where your mouth is. You buy shares with your own personal income, and not a small amount - 25% of your income, to send the message. Hopefully your major investors will get the message, but they have their own agendas and time lines that you can't, or should, consider.
You know other that that there isn't much you can do to reassure everyone. Trial results will speak for themselves, but they are on their own time line. When they are published you know the sp will appreciate significantly.
You're working on deals RIGHT NOW that if leaked would certainly increase the sp, but you can't even tell anyone what those are. You could, certainly play the line and hint, but you know deep down you don't look good in orange and you hate flip-flops.
The bod is behind you, you've shared both your long-term and short-term agenda with them and they have approved it. Trials take time and deals need to be made at the right time to maximize value. If some retail investors jump, it's not your fault and you won't lose any sleep over it.
