Thanks EichKing. Pretty simple logic if you ask me. I'm a few beers deep(er) so hopefully this post doesn't get chopped. Real beer not Yankee beer. Lol. Please ignore any incomprehensible statements I may make in advance. Feel free to cut and paste that one with an "all of it" quote. LMBO. You know who you are!!!
What do you expect from people that have been invested in this stock for many years. Pretty new to this board, yet spout off the apparent thousands upon thousands of stocks you're supposedly gobbling up. Spouting gibberish that anything under 2 bucks is a steal. Or the goal of 100,000 shares. LMBOx1000. Nah, you should expect glowing praises on your incredibly enlightening cut and paste or infamous "quote" posts.
If you were to start up a company...say an electrical one. Would you hire a bunch of plumbers? Is that what you would want the Manager you hire to have experience in? Or better yet, the head of HR? Sure you may be able to make it work eventually, but there would be a steep, long learning curve. And a costly one too. Would that be a wise decision?
But apparently that's how Biotechs work. It's the norm. Is this field not an incredibly complex field, with all the rules, regulations and governmental red tape? Probably one of the worst I can think of, except maybe nuclear plants. Let alone the inordinate amount of cash needed to bring your product to market seeing as it takes over a decade to get it there. Notwithstanding the incredibly low odds your product will make it through to the final trial unscathed.
And another point in these shows. How much time and effort is put into booking flights, hotels, meals, cars, preparation of presentations, along with other things. Time is also taken from some of the other 180 employees that is wasted doing this. Going through receipts, inputting, etc. not just the travelling employee, but others as well. Auditors time validating the expenses. Most likely the personal assistants doing much of it. I'm sure each of our co-ceo's have had the pleasure of having. That's what you get when you think you've made it to the big leagues, even if it's premature, kinda like the huge bonus!!!
There are two big equations in any company. Management and the product. You could have a great management and a poor product, and still make it work. Or a great product and poor management, could also work. I would take the first in reality. But why would anyone not want great in both? Defies logic truly.
People who own shares have a say. Unfortunately the choices I have made in how I invest in this stock, I have none. We may make it eventually if the product outlasts management. But with great management, we would have been there years ago. Or in the very least, have a war chest of cash to ensure we make it to the point where we know if our product either succeeds or fails.namd then have the chance at other indications to hope for
Our cash on hand does not get us there imo. Unless ARS comes through. If we fail in that one, look out. Any failure at this point, be it ARS or IC results, will be the death of this company. Or at least a few nails in the coffin. And it will be a long shot to dig our way out. Maybe then we will get a big Pharma buyout, on their terms after all, for pennies on the dollar. Or maybe the "controller" will have the last laugh, after the decade long conspiracy. Damn those dark pools. Gets us schmucks every time. Why didn't I listen!!! LMBO.
