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Wednesday, November 15, 2017 10:59:49 PM
So I wanted to look into our CLI interim results and when we may see them.
If you look at their May 2017 presentation, they gave us an expected data readout from this trial 2h18/1H19. So this was their expected timeframe when they started enrolling in May.
Now jump to July, when the milestones were changed to 12 months and no mention of CLI interim results. Same thing with October's presentation. Sure 12 months from October wouldn't take them all the way to 2H18. But it is something to keep an eye on with future shareholder updates...presentations. Will have to wait until January's presentation to find out.
I have been on other conference called where the company gets asked how their trials are progressing. Numbers were given. It's a way to keep shareholders up to date. Omitting these critical numbers just leaves everyone in the dark. Unless that's where they want people to be, so they can do raises whenever they want.
So I will take Nov 18 as the earliest possible date a readout could happen. Maybe it will come back in November or Decembers presentations.
Become a management that is transparent to shareholders. Have the courage to face them in conference calls for once. If your missing some, you can have mine since I'm laughing them off all the time. The closer this gets to the end of the year with nothing, I think they will have to face the music and the calls for heads will increase dramatically. All justified for how they treat shareholders. Under 30 trading days left.
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