I’m just calling it the way I see it. The science seems to be quite compelling, however the SP and the current lack of interest by BP, financing options, etc., indicates otherwise or at the very least not compelling at this moment. Does that mean Pro-140 is worthless. Absolutely not.
It means until financing is resolved here we sit from a value standpoint and the advancement of Pro-140 moving at a snails pace. The continuation of warrant driven Paulson raises indicate the level of interest and value the market places on Pro-140. Nader, who knows the Pro-140 story better than anyone is unable to articulate and market what seems to be a very valuable and unique molecule.
IMO, BP is happy to sit back and chuckle as Nader stumbles with his brash overconfident style that up to this point can only attract loan shark financing. I firmly believe in the strength and value of Pro-140 more than ever. On the other hand my patience and belief that Nader can get us over the financing dilemma is wearing thin. I am very patient but after witnessing his defensiveness and inability to articulate the story for five plus years my confidence has deteriorated.
I’m willing to give him one last chance through the end of the year with the Pestell and Klump move to straighten out financing and move the needle. If not it is clear that he needs to move out of the way. Hopefully this will happen naturally with Pestell stepping up and repackaging the strength of Pro-140.
The definition of insanity is doing the same thing over and over again and expecting a different result.
AIMHO My fellow long investors.
